Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 29, 400 $ 35, 400 Direct labor used (in March) 20, 400 18,400 Overhead applied (March) 10, 100 9,400 Costs during April Direct materials used 136,900 221, 080 $ 101, 090 Direct labor used 85, 400 151,000 Overhead applied Status on April 30 Finished Finished (sold) (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80,400. b. Raw materials purchases in April are $501,000, and total factory payroll cost in April is $364,000. c. Actual overhead costs incurred in April are indirect materials, $50,250; indirect labor, $23,250; factory rent, $32.250; factory utilities, $19,250; and factory equipment depreciation, $51,250. d. Predetermined overhead rate is 50%% of direct labor cost. C. Job 306 is sold for $636,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month ended April 30, MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used $ 456,002 Direal Labor 342,40 Factory overhead applied 171 ,200 Total manufacturing 03515 971.600 Add: Work in process imenor; beginning Total cost of work in process 971,GOD