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.
			Job 306	Job 307	Job 308
Balances on March 31
Direct materials			$29,000	$35,000
Direct labor			20,000	18,000
Applied overhead			10,000	9,000
Costs during April
Direct materials			135,000	220,000	$100,000
Direct labor			85,000	150,000	105,000
Applied overhead			42,500	75,000	52,500
Status on April 30			Finished (sold)	Finished (unsold)	In process

- Prepare journal entries to record the transactions of Marcelino Company during the month of April.

- Calculate the total cost, and account classification for each job worked on during April.

- Prepare a schedule of cost of goods manufactured for Marcelino Company during the month of April.

- Calculate the gross profit on the sale of job(s) during April.