Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $23,000; factory rent, $34,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 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			$	36,000
Direct labor			21,000				13,000
Applied overhead			10,500				6,500
Costs during April
Direct materials			131,000				220,000			$	110,000
Direct labor			104,000				154,000				104,000
Applied overhead			?				?				?
Status on April 30	Finished (sold)				Finished (unsold)					In process

Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are indirect materials, $58,000; indirect labor, $23,000; factory rent, $34,000; factory utilities $22,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 cash in April. Costs of the three jobs worked orn in April follow Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor Applied overhead $31,000 36,000 13,000 6, 500 21,000 1,500 Costs during April Direct materials Direct labor Applied overhead Status on April 3e 131,000 22,000 $110,00e 184,000 154,000 184,000 Finished Finished (sold (unsold) process Problem 19-1A Part 4 4.1 Compute gross profit for April Gross Profit