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 $570,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $27,000; factory rent, $36,000; factory utilities, $20,000; and factory equipment depreciation, $61,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April . Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 25,000 21,000 10,500 $ 40,000 17,000 8,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 137,000 105,000 10,000 152,000 2 Finished (unsold) $120,000 101,000 2 In process Finished (sold) Problem 15-1A Part 1 apters 14 - 17) Saved 137.000 105,000 210,000 152,000 Direct materials Direct labor Applied overhead Status on April 30 $120,000 101,000 2 In process Finished (old) Finished (unsold) Problem 15-1A 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 Job 307 Job 300 Apru Total $ $ 25,000 21,000 10,500 40,000 17,000 8,500 $ 65,000 38,000 19,000 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Appled overhead Total costs added in April 137.000 105,000 210,000 152,000 120,000 101,000 467,000 358,000 Total costs (April 30) Finished (old) Finished (unsold) In process Status on April 30 April 30 cont included in