Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 $ 27,000 $ 41,000 23,000 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April 13,000 6,500 11,500 205,000 Direct materials used Direct labor used Overhead applied 138,000 104,000 ? Finished 150,000 ? Finished $ 110,000 102,000 ? Status on April 30 In process (sold) (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $540,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs incurred in April are indirect materials, $60,000; indirect labor, $25,000; factory rent, $39,000; factory utilities, $25,000; and factory equipment depreciation, $64,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $670,000 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. Complete this question by entering your answers in the tabs below. Req 5A Req 5B Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories 0 $