Required information Problem 15-1A 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 $86000. Raw materials purchases in April are $590,000, and factory payroll cost in April ts $386,000 Overhead costs incurred in April are indirect materials, $59,000 indirect labor $25.000; factory rent. $39.000 factory utilities. $23.000; and factory equipment depreciation $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640.000 cash in April Costs of the three Jobs worked on in April follow Job 306 Bob 32 Job 398 Balances on March 33 Direct materials $ 30,000 56,000 Direct labor 24,000 18:00 Applied overhead 12,800 9.000 Costs during April Direct materials 210.00 $110.000 Direct Labor 150,000 100.000 Applied overhead Pinched Status on April 30 sold (und 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. 14 Required 4A Required 4B Compute gross profit for April Gross profit Required 4B > Problem 15-1A Part 4 4-a. Compute gross profit for April. 4-5. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 4B Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories