Marcelino Co.'s March 31 Inventory of raw materials is $82,000. Raw materials purchases In April are $600,000, and factory payroll cost In April is $383,000. Overhead costs incurred in April are: Indirect materials, $55,000; Indirect labor, $27,000; factory rent, $34,000; factory utilities, $25,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 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 $ 32,000 $ 37,000 Direct labor 21,000 Applied overhead 10,500 15,000 7,500 Costs during April Direct materials 132,000 Direct labor 102,000 Applied overhead ? 210,000 152,000 ? $105,000 102,000 ? Status on April 30 Finished (sold) Finished (unsold) In process 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used $ 447,000 Factory overhead applied Direct labor used Total manufacturing costs 447,000 Add: Work in process March 31 Total cost of work in process 447,000 Less: Work in process April 30 Cost of goods manufactured $ 447,000