O Required information [The following information applies to the questions displayed below) Marco Company shows the following costs for three jobs worked on in April Job 300 Job 302 Job 308 $ 37,000 28,000 10,000 $ 43,000 26,000 17,000 Balances on March 31 Direct materials used in March) Direct labor used in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 240,000 170,000 5 120,000 125,000 155,000 93,000 ? Finished (nold) Finished Cunsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $88,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $383,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $28,000; factory rent. $37,000 factory utilities, $24,000; and factory equipment depreciation, $56,000 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 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. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $383.000. c. Actual overhead costs incurred in April are indirect materials, $55,000; Indirect labor, $28,000; factory rent, $37000, factory utilities, $24,000; and factory equipment depreciation, $56,000, d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in April 21 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. Reg SA Reg SB Compute gross profit for April. Gross profit Req5A Req 5B > a. Raw Materials Inventory has a March 31 balance of $88,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $383.000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $28,000; factory rent, $37.000; factory utilities, $24,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in April. 21 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. Reg 5A Reg 58 Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories