GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Pelcher Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) Direct labor (in March) $ 33,000 $ 41,000 Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead 24,000 12,000 20,000 10,000 139,000 93,000 ? 226,000 160,000 ? $ 102,000 107,000 ? Finished Status on April 30 Additional Information (sold) Finished (unsold) In process a. Raw Materials Inventory has a March 31 balance of $90,000. b. Raw materials purchases in April are $504,000, and total factory payroll cost in April is $385,000. c. Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $25,000; factory rent, $34,000; factory utilities, $21,000; and factory equipment depreciation, $55,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 cash in April.