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). $ 29,000 $ 35,000 Direct labor used (in March). 20,000 Overhead applied (March) 10,000 18,000 9,000 Costs during April Direct materials used Direct labor used 135,000 85,000 220,000 $100,000 150,000 105,000 Overhead applied Status on April 30 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 $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April.