Marcelino Co.'s March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $362,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $20,000; factory rent, $39,000; factory utilities, $20,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $670,000 cash in April. Costs of the three jobs worked on in April follow.

Marcelino Co's March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $362,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $20,000; factory rent, $39,000; factory utilities, $20,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $670,000 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 Direct labor Applied overhead $ 27,000 22,000 11,000 $ 39,000 19,000 9,500 Costs during April Direct materials Direct labor Applied overhead 133,000 101,000 215,000 153,000 $115,000 103,000 Status on April 30 Finished (sold) Finished (unsold) In process