Marcelino Co's March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $377,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $21,000; factory rent, $40,000; factory utilities. $22,000; and factory equipment depreciation, $58,000. 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 388 Balances on March 31 Direct materials $ 25,000 $ 40,000 Direct labor 21,800 18,000 Applied overhead 10,500 9,000 Costs during April Direct materials 134,000 205,000 $105,000 Direct labor 100,000 152,000 104,000 Applied overhead Status on April 30 Finished Finished (sold) (unsold) process 7 In 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 396 Job 307 Job 308 $ 25,000 21,000 10,500 $ 40,000 18,000 9,800 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 134,000 100,000 205,000 152,000 $105,000 194,000 7 In process Finished (sold) Finished (unsold) Problem 15-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cos assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total $ $ $ 25,000 21,000 10.500 40,000 18,000 9,000 65,000 39,000 19,500 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 134,000 100,000 205,000 152,000 105,000 104.000 444,000 356,000 Total costs (April 30) Finished (sold) Finisised (unsold) Status on April 30 April 30 cost included in in process