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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

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) $ 30,000 $ 43,000
Direct labor used (in March) 24,000 17,000
Overhead applied (March) 12,000 8,500
Costs during April
Direct materials used 133,000 220,000 $ 100,000
Direct labor used 100,000 154,000 100,000
Overhead applied ? ? ?
Status on April 30 Finished (sold) Finished (unsold) In process

Additional Information

  1. Raw Materials Inventory has a March 31 balance of $83,000.
  2. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $377,000.
  3. Actual overhead costs incurred in April are indirect materials, $54,000; indirect labor, $23,000; factory rent, $36,000; factory utilities, $20,000; and factory equipment depreciation, $56,000.
  4. Predetermined overhead rate is 50% of direct labor cost.
  5. 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).

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