Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31- Direct materials used (in March) $ 28,000 $ 41,000 Direct labor used (in March) 25,000 17,000 Overhead applied (March) 12,500 8,500 Costs during April Direct materials used Direct labor used. 136,000 104,000 205,000 $110,000 152,000 Overhead applied ? 102,000 ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. b. Raw materials purchases in April are $560,000, and total factory payroll cost in April is $380,000. c. Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $22,000; factory rent, factory utilities, $22,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet.