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 $379,000. Overhead costs incurred in April are: Indirect materials, $51.000; indirect labor, $20,000; factory rent, $33,000; 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 $655,000 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 $ 40,000 Direct labor 24,000 13,000 Applied overhead 12,000 6,500 Costs during April Direct materials 135,000 205,000 $105,000 Direct labor 101,000 154,000 104,000 Applied overhead 7 Pinished Status on April 30 Finished In (sold) (unsold) process 2 Required information 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 $ s 31.000 24,000 12,000 40,000 13,000 6,500 $ 71,000 37,000 18,500 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in: 135,000 101,000 205,000 154.000 105,000 104,000 445.000 359,000 Finished (sold) Cost of goods sold Finished (unsold) Finished goods inventory In process Work in process Inventory