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 $86,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $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 Job 307 Balances on March 31 Job 308 Direct materials $ 30,000 5 36,000 Direct labor 24,000 18,000 Applied overhead 12,000 9.000 Costs during April Direct materials 131,000 210,000 $120,000 Direct labor 163,000 154,000 Applied overhead Status on April 30 Finished Finished (sold) (unsold) process 104,000 In 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 3 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0