Hello, I am working on this sheet to fill out with all the questions. I am trying to understand the problem which is 4 part problem. Thanks

Required information [The 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 $378,000. Overhead costs incurred in April are: indirect materials, $51,000; indirect labor, $21,000; factory rent, $31,000; factory utilities, $24,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 31,000 5 43,000 Direct labor 22, 000 15,000 Applied overhead 11, 006 7,506 Costs during April Direct materials 131, 090 210,000 $105,000 Direct labor 102,060 152,060 103,600 Applied overhead Status on April 30 Finished Finished In (sold) unsold) process Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials $ 31,000 $ 43,000 $ 74,000 Direct Labor 22,000 15,000 37,000 Applied overhead 11,000 7,500 8,500 Beginning goods in process $ For April Direct Materials 131,000 210,000 105,000 446,000 Direct Labor 102,000 152,000 03,000 357,000 Applied overhead Total costs added in April 233,000 362.000 208,000 803,000 Total costs ( $ Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in:Required information [The following information applies to the questions displayed below] Marcelino (2035 March 31 inventory of raw materials Is $85,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $313,000. Overhead costs incurred in April are: indirect materials. $51,000; indirect labor. $21,000; factory rent, $31000; factory utilities, $24,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% ofdirect labor cost Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked or: in April follow. Job 306 Job 3'7 Job 383 Balances on March 31 Direct materials 3: 31,666 $ 43,933 Direct labor 11,666 15,933 Applied overhead 11,69\" 7,533 Costs during April Direct materials 131,666 218,833 $135,888 Direct labor 132,666 152,033 133,333 Applied overhead 2 2 2 . Finished Finished In 5'3\"\" 0" \"\"1 3\" (sold) (unsold) process 5. Materials purchases (on credit) I]. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory. cl. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. 1. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) 9. Transfer ofJobs 306 and 307 to Finished Goods Inventory. I1. Cost of goods sold for Job 306. i. Revenue from the sale ofJob 306. j. Assignment of any underapplied or overapolied overhead to the Cost of Goods Sold account. (the amount is not material.) 2. Prepareiournal entries for the month oprril to record the above transactions Wew transaction list Journal entry worksheet 2 P . Finished Finished In 5'3\"\" " \"\"11 3\" (5pm) (unsold) process 3. Prepare a schedule of cost of goods manufactured, Total manufaclunng costs Total cost of work in process Cost of goods manu'fadured Required information [The 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 $378,000. Overhead costs incurred in April are: indirect materials, $51,000; indirect labor, $21,000; factory rent, $31,000; factory utilities, $24,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 31, 000 $ 43,000 Direct labor 22,000 15, 000 Applied overhead 11, 090 7,500 Costs during April Direct materials 131, 000 210,000 $105, 000 Direct labor 102, 000 152,000 103,090 Applied overhead Status on April 30 Finished Finished In (sold) (unsold) process 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute gross profit for April. Gross profit Required information [The 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 $378,000. Overhead costs incurred in April are: indirect materials, $51,000; indirect labor, $21,000; factory rent, $31,000; factory utilities, $24,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 31,006 $ 43,060 Direct labor 22,000 15,000 Applied overhead 11, 000 7,500 Costs during Apri Direct materials 131, 006 210,000 $105, 000 Direct labor 102, 000 152,000 103, 006 Applied overhead Status on April 30 Finished Finished In (sold) (unsold) process 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 4B Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories