Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: indirect materials, $59,000; indirect labor, $24,000; factory rent, $32,000; factory utilities, $21,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $645,000 cash in April. Costs of the three jobs worked on in April follow. Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 Required 4A Job 306 Required 4B $ 26,000 20,000 10,000 Inventories Raw materials Work in process Finished goods Total inventories 131,000 104,000 ? Finished (sold) Job 307 $ 43,000 19,000 9,500 200,000 153,000 ? 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Finished (unsold) Complete this question by entering your answers in the tabs below. Job 308 $105,000 102,000 ? In process Show how to present the inventories on the April 30 balance sheet.

Marcelino Co:'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: indirect materials, $59,000; indirect labor, $24,000; factory rent, $32,000; factory utilities, $21,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $645,000 cash in April. Costs of the three jobs worked on in April follow. 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Show how to present the inventories on the April 30 balance sheet