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. Raw materlals purchases in April are $560,000, and factory payroll cost in April is $361,000. Overhead costs incurred in April are: indirect materials, $57,000; Indirect labor, $22,000, factory rent, $32,000, factory utlities,$22,000, and factory equipment depreciation, S54,000. 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 Job 306 Job 307 Job308 Balances on March 31 Direct materials Direct labor Applied overhead 25000 40,000 6,000 8,000 25,000 12.500 Costs during Aprill Direct materials Direct labor Applied overhead 34,000 102,000 200,000 151,000 $115,000 101,000 Status on April 30 Finished (sold) Finished (unsold) In process