Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: Indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 Job 306 Job 307 Job 308 $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 135,000 85,000 ? 220,000 150,000 ? $ 100,000 105,000 ? Finished (sold) Finished (unsold) In process Determine Ending Raw Materials Inventory Question 2 Determine Ending WIP D Question 3 Determine Ending Finished Goods Inventory D Question 4 Determine Cost of Goods Manufactured Question 5 Determine Cost of Goods Sold