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Marcelino Co's March 31 inventory of raw materials is $85,000 Raw materials purchases in April are $540,000, and factory payroll cost in April is $378,000 Overhead costs incurred in April are: indirect materials, $52,000 indirect labor, $22,000, factory rent, $31,000, factory utilities, $19,000; and factory equipment depreciation, $54,000 The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $660,000 cash in April. Costs of the three jobs worked on in April follow Job 395 Job 38 $ 27,00 20.000 10,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 Job 307 $ 38,600 17,000 8,500 138,000 102,000 200,00 152,000 Finished (sold) Finished (unsold) $110.000 102,000 > In process Required: 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). From March $ $ 27,000 20,000 10,000 57.000 38,000 17,000 8,500 63,500 $ 65,000 37.000 18,500 $ 120,500 $ $ 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) 138,000 102,000 200,000 152,000 110,000 102,000 240,000 448,000 356,000 0 804,000 $ 444,000 352,000 212,000 Status on April 30 April 30 cost included in Finished (sold) Cost of goods sold Finished (unsold) In process Work in process inventory Journal entry worksheet Record the entry for Materials purchases (on credit). Note: Enter debits before credits. Transaction General Journal Debit Credit a. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs es Total cost of work in process Cost of goods manufactured nswers in the tabs Required 4A Required 4B Compute gross profit for April. Gross profit