Marcelino Co.'s March 31 Inventory of raw materials is $82,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: Indirect materials, $52,000; Indirect labor, $22,000; factory rent, $37,000, factory utilities, $20,000; and factory equipment depreciation, $55,000. 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. Balances on March 31 Direct Job 306 Job 307 Job 308 materials $ 28,000. $ 40,000 Direct labor 23,000 15,000 Applied 11,500 overhead 7,500 Costs during April Direct materials 135,000 210,000 $110,000 Direct labor 104,000 152,000 100,000 Applied 7 ? overhead Status on April Finished Finished: In 30 (sold) (unsold) process 4-0. Compute gross profit for April 4-b. Show how to present the inventories on the April 30 balance sheet