Marcelino Co.'s March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $51,000; indirect labor, $28,000; factory rent, $38,000; factory utilities, $22,000; and factory equipment depreciation, $60,000. 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		$	31,000			$	37,000
Direct labor			24,000				18,000
Applied overhead			12,000				9,000
Costs during April
Direct materials			130,000				205,000			$	110,000
Direct labor			103,000				150,000				101,000
Applied overhead			?				?				?
Status on April 30	Finished (sold)				Finished (unsold)					In process

Problem 15-1A Part 1

Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31).

Job 306 Job 307 Job 308 April Total From March Direct Materials $ 31,000 37,000 $ 68,000 Direct Labor 24,000 18,000 42,000 Applied overhead 12,000 9,000 21,000 $ 0 Beginning goods in process For April Direct Materials 130,000 205,000 110,000 445,000 Direct Labor 103,000 150,000 101,000 354,000 Applied overhead 0 Total costs added in April 233,000 355,000 211,000 799,000 Total costs (April 30) 0 Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included in