Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $520,000, and factory payroll cost in April is $375,000. Overhead costs incurred in April are: indirect materials, $60,000; indirect labor, $21,000; factory rent, $37,000; factory utilities, $20,000; and factory equipment depreciation, $61,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $630,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 30,000 22,000 11,000 $ 44,000 13,000 6,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 139,000 101,000 ? Finished (sold) 200,000 151,000 ? Finished (unsold) $105,000 102,000 ? In process Required 4A Required 4B Compute gross profit for April. Gross profit Required 4A Required 4B Show how to present the inventories on th Inventories Raw materials Work in process Finished goods Total inventories