he following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor. $22,000; factory rent, $34,000; factory utilities, $20,000, and factory equipment depreciation. $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $690,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 25,000 24,000 12,000 $ 39.000 16,000 8,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 138,000 100,000 ? 205,000 153,000 $115,000 104.000 Finished (sold) Finished Cunsold) In process 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used 458,000 Direct labor used 357.000 Factory overhead applied 178,500 Total manufacturing costs 993.500 Add: Work in process March 31 Total cost of work in process 993,500 Less: Work in process April 30 271.000 Cost of goods manufactured $ 722,500