Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 387 Job 308 Balances on March 31 Direct materials used (in March) $ 29,000 Direct labor used (in March) Overhead applied (March) 20,000 10,000 $ 45,000 19,000 9,500 Costs during April Direct materials used Direct labor used Overhead applied 136,000 104,000 ? 215,000 152,000 $110,000 ? 101,000 ? Status on April 30 Additional Information Finished (sold) Finished (unsold) In process. a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $385,000. c. Actual overhead costs incurred in April are indirect materials, $54,000; indirect labor, $28,000; factory rent, $36,000; factory utilities, $21,000; and factory equipment depreciation, $57,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April. Compute gross profit for April. Gross profit Inventories Raw materials + Work in process Finished goods Total inventories $ SA 0