Questions 1-4(of 8) 11> Problem 15-1A Production costs computed and recorded; reports prepared LO (The following information applies to the questions displayed below.] Marcelino Co.s March 31 Inventory of raw materials is $80,000. Raw materials purchases in April are $580,000, and factory payroll cost in Aprlil Is $383,000. Overhead costs incurred in April are: Indirect materials, $56,000; Indirect labor, $30,000; factory rent, $39,000; factory utities, $24,000; and factory equipment depreciation, $56,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 IS sold for $680,000 cash in April. Costs of the three Jobs worked on in April follow. Job 306 Balances on March 31 Job 308 Direct materials Direct labor Applied overhead $26,00037,000 14,000 7000 23,000$ 11,500 Costs during April Direct materials Direct labor Applied overhead 131,000 102,000 210,000 151,000 $105,000 100,000 Status on April 30 Finished (sold) Finished (unsold) In process