mework Saved Help Save & Exit Su Required information Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co's March 31 Inventory of raw materials is $90,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $375,000. Overhead costs incurred in April are indirect materiais, $55,000; Indirect labor, $20,000; factory rent, $36,000; factory utilities, $20,000, and factory equipment depreciation $54,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow Job 386 Job 307 Job 388 $ 27,888 20,000 10, eee $ 35, eee 13, eee 6, See Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 3e 132, eee 101,000 215, cea 153,000 ? Finished (unsold) $110,000 101,eee ? Finished (sold) In process Arthara Window Homework Sirved Help Save & Exit Submit Required information 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31) Job 305 Job 307 Job 308 April Total $ $ 27,000 20.000 10,000 35,000 13,000 6,500 $ 62,000 33,000 16,500 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in 132,000 101.000 215,000 153,000 110,000 101.000 457.000 355.000 Finished (sold) Finished (unsold) In process Activate Windows