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) Direct labor used (in March) $ 28,000 $ 40,000 21,000 Overhead applied (March) 10,500 14,000 7,000 Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 137,600 101,000 151,000 220,000 $ 110.000 100,000 2 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $372,000. c. Actual overhead costs incurred in April are Indirect materials, $54,000; Indirect labor, $20,000; factory rent, $34,000; 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 $670,000 cash In April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 April Total March Direct materials 5 28,000 S 40.000 Direct labor 21,000 14.000 Overhead applied 10,500 7,000 Work in process, beginning S April Direct materials 137,000 220,000 110,000 467,000 Direct labor 101,000 151,000 100.000 352,000 Overhead applied Costs added in April Total costs 0 238,000 371,000 210,000 819,000 0 Status on April 30 Finished (sold) April 30 cost included in: Finished (unsold) In process