Marcelino Co's March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $387,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $30,000; factory rent, $39,000; factory utilities, $23,000, and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April. Costs of the three jobs worked on in April follow. Balances on March 31 Direct materials Direct labor Applied overhead $ 43,000 14,000 Job 306: Job 387 Job 308 $ 32,000 24,000 12,000 7,000 Direct materials 140,000 210,000 $120,000 Direct labor 103,000 151,000 103,000 Applied overhead Status on April 30 Finished (sold) Finished (unsold) In process Costs during April 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 Gross Profit 4.2 Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials