Required Information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following Information applies to the questions displayed below.] Marcelino Co.'s March 31 Inventory of raw materials is $99,000. Raw materials purchases in April are $530,000, and factory payroll cost In April is $380,000. Overhead costs incurred in April are: Indirect materials, $60,000; Indirect labor $22,000; factory rent, $39,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April follow. Job 386 Job 387 Job 388 Balances on March 31 Direct materials $ 25,000 $ 44,000 Direct labor Applied overhead 21,888 10,500 17,888 8,500 Costs during April Direct materials 132,000 210,000 $115,000 Direct labor 184,000 153,888 181,888 Applied overhead Status on April 30 Finished (sold) Finished (unsold) In process Problem 02-1A Part 1 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). Job 306 From March Direct Materials $ 25,000 $ DirectLabor 21,000 Applied overhead 10,500 Beginning goods in process For April Direct Materials DirectLabor Applied overhead Total costs added in April Job 307 44,000 17,000 8.500 Job 308 April Total $ 69,000 38,000 19,000 $ 0 132,000 210,000 115,000 457,000 104,000 153,000 101,000 358,000 236,000 363,000 Total costs (April 30) Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in: 216,000 815,000 $ 0