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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 $87,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $386.000. Overhead costs incurred in Apolare Indirect materials, $57.000. Indirect labor, $26,000 factory rent, $30,000, factory utilities, $24.000, and factory equipment depreciation, 561,000. 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 Job 306 Job: 307 Job 300 $ 25,000 22.000 11,080 $ 43,000 16,000 8000 Balances on March 31 Direct materials Direct labor Applied overhead Casts during April Direct materials Direct labor Applied overhead Status on April 30 215,000 151,000 $119,000 105,000 140,000 10,000 ? Finished (sold) Finished (unsold) In process Problem 15-1A Part 4 4-a. Compute gross profit for April 4-6. Show how to present the inventories on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Required 4 Required 48 Compute gross profit for April Cross profil Required 48 > Saved payroll cost in Apni is $386,000. Overnead costs incurred in April are indirect materials, $57,000, indi factory rent, $30,000; factory utilities. $24,000; and factory equipment depreciation, $61,000. The pre overhead rate is 50% of direct labor cost. Job 306 is sold for $690,000 cash in April . Costs of the thre April follow. Dob 306 Job 387 Job 308 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 $ 25,000 22,000 11,000 $ 43,000 16,000 8,000 140,000 104,000 215,000 151,000 $110,000 105,000 Finished (sold) Finished (unsold) In process Problem 15-1A Part 4 4-a. Compute gross profit for April. 4-6. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 4B Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process