of 4 Marcelino Co's March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $59,000; indirect labor, $21,000, factory rent, $39,000, factory utilities, $21,000, and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $690,000 cash in April. Costs of the three jobs worked on in April follow Balances on March 31 Job 306 Joli 307 Job 30 Direct materials Direct labor $27,000 23,000 Applied overhead 11,500 $ 36,000 10,000 9,000 Costs during April Direct materials 135,000 Direct labor 105,000 210,000 152,000 $105,000 101,000 Applied overhead C Status on April 30 Finished (sold) Finished (unsold) In process sk rences 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used $ 450.000 Direct labor used 358.000 Factory overhead applied Total manufacturing costs 808.000 Add Work in process March 31 Total cost of work in process 800,000 Less: Work in process April 30 Cost of goods manufactured $ 800.000