Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Job 306 Job 307 Job 308 $ 30,000 25,000 12,500 $ 36,000 18,000 9,000 134,000 215,000 $105,000 101,000 Finished (sold) 150,000 102,000 ? Finished (unsold) In process Check my work ces Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. b. Raw materials purchases in April are $530,000, and total factory payroll cost in April is $377,000. c. Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $24,000; factory rent, $37,000; factory utilities, $24,000; and factory equipment depreciation, $61,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $695,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Check my work Job 306 Job 307 Job 308 April Tot March Direct materials $ 30,000 $ 36,000 Direct labor 25,000 18,000) Overhead applied 12,500 9,000 Work in process, beginning $ 67,500 $ 63,000 $ 130 April Direct materials 134,000 101,000 215,000 105,000 454 150,000 102,000 353 Direct labor Overhead applied Costs added in April Total costs 235,000 365,000 207,000 807 $ Status on April 30 Finished (sold) April 30 cost included in: Cost of goods sold Finished (unsold) Finished goods inventory In process Work in process inventory