Problem 15-2A (Static) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April, Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 29, 000 $ 35, 000 Direct labor used (in March) 20, 000 18 ,000 Overhead applied (March) 10, 000 9, 000 Costs during April Direct materials used 135, 000 220, 000 $ 100, 000 Direct labor used 85 , 000 150, 000 105,000 Overhead applied Status on April 30 Finished Finished (sold) ( unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. ices e. Job 306 is sold for $635,000 cash in April. Problem 15-2A (Static) Part 5 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below