Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below] Marcelino Co's March 31 Inventory of raw materials is $85,000. Rew materials purchases in April are $560,000, and factory payroll cost in April is $361,000. Overheed costs incurred in materiais, $57,000; Indirect labor, $22.000; factory rent,$32,000, factory utilities,$22,060, and fectory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost Job 306 IS sold for $685,000 cash in April., Costs of the three jobs worked on In April follow Aprilpre: indirect 306 Job 307Job 308 Balances on March 31 25,000 40,000 Direct materials Direct labor Applied overheed 16,000 8,000 25,000 2,500 134,000 102,000 Costs during Apri Direct materin's Direct labor Applied overhead 200000 51,000 01,000 Status on April 30 Finished (sold) Finished (unsold) In process