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 $85,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $371,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000; factory rent, $32,000; factory utilities, $24.000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April. Costs of the three Jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 30,000 $ 44,000 Direct labor 25,000 14,000 Applied overhead 12,500 7,000 Costs during April Direct materials 140,000 210,000 $120,000 Direct labor 102,000 150,000 103,000 Applied overhead Status on April 30 Finished Finished In (sold) (unsold) process ? ? ? ULICUL 10 LEILA ITU, Vuu 13 Direct labor Applied overhead Status on April 30 102,000 ? Finished (sold) LIU, UUU 150,000 ? Finished (unsold) PILU, UUU 103,000 ? In process 3 of 4 Problem 15-1A Part 3 ts 3. Prepare a schedule of cost of goods manufactured. eBook Print MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 ferences Total manufacturing costs Total cost of work in process Cost of goods manufactured