Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $85,000. b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $378,000. c. Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $22,000; factory rent, $31,000; factory utilities, $20,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $690,000 cash in April. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits. Record the cost of goods sold for Job 306. Note: Enter debits before credits. Record the entry to close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits before credits