Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $387,000 Overhead costs incurred in April are: indirect materials, $50,000; indirect labor $29,000; factory rent, $34,000; factory utilities, $20,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $700,000 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 $26,000 43,000 14,000 7,000 21,000 10,500 Costs during April Direct materials Direct labor Applied overhead 138,000 103,000 210,000 110,000 104,000 151,000 Finished (sold) Finished (unsold process In Status on April 30 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 From March Direct Materials Direct Labor Applied overhead 26,000 21,000 10,500 43,000 14,000 7,000 Beginning goods in process For April Direct Materials 138,000 103,000 210,000 151,000 110,000 Direct Labor 104,000 Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in: Finished (sold) Finished (unsold) In process Work in process Cost of goods sold Finished goods inventory tory