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Required information Problem 19-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 29,000 $ 41,000 Direct labor used (in March) 23,000 16,000 Overhead applied (March) 11,500 8,000 Costa during April Direct materials used 134,000 215,000 $ 105,000 Direct labor used 101,000 155,000 103,000 Overhead applied Statue on April 30 Tinished Finished (old) In proces (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $82,000. b. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $385,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; Indirect labor, $26,000; factory rent, $33,000; factory utilities, $20,000; and factory equipment depreciation, $53,000 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April ? Problem 19-2A (Algo) Part 5 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Rea SA Reg 58 Compute gross profit for April Gross profit S 301,000 Complete this question by entering your answers in the tabs below. Reg 5A Reg 5B Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories O