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$)$$ $29,800$$ $35,800$ Direct labor used $($in March$)20,80018,800$ Overhead applied $($March$)10,8009,800$ Costs during April Direct materials used$137,000222,000$$ $102,000$Direct labor used$85,800152,000107,000$Overhead applied?question mark?question mark?question markStatus on April $30$Finished $($sold$)$Finished $($unsold$)$In processAdditional InformationRaw Materials Inventory has a March $31$ balance of $$80,800.$Raw materials purchases in April are $$502,000,$ and total factory payroll cost in April is $$365,000.$Actual overhead costs incurred in April are indirect materials, $$50,500$; indirect labor, $$23,500$; factory rent, $$32,500$; factory utilities, $$19,500$; and factory equipment depreciation, $$51,500.$Predetermined overhead rate is $50\%$ of direct labor cost.Job $306$ is sold for $$637,000$ cash in April.Required:$1.$ Determine the amount of overhead applied to each job in April$\mathrm{.}2.$ Determine the total cost assigned to each job as of April $30($including the balances from March $31).$Materials purchases $($on credit$).$Direct materials used.Direct labor used $($and paid in cash$)$ and assigned to Work in Process Inventory.Indirect materials used and assigned to Factory Overhead.Indirect labor used $($and paid in cash$)$ and assigned to Factory Overhead.Overhead costs applied to Work in Process Inventory.Actual other overhead costs incurred $($Factory rent and utilities are paid in cash.$)$Transfer of Jobs $306$ and $307$ to Finished Goods Inventory.Cost of goods sold for Job $306.$Revenue from the sale of Job $306$ received in cash.Close underapplied or overapplied overhead to the Cost of Goods Sold account$\mathrm{.}3.$ Prepare journal entries for the month of April to record the above transactions$\mathrm{.}4.$ Prepare a schedule of cost of goods manufactured for the month ended April $30\mathrm{.}5-$a$.$ Compute gross profit for April$\mathrm{.}5-$b$.$ Show how the three inventory accounts are reported on the April $30$ balance sheet.