Required information Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 (The following information apples to the questions displayed below Marcelino Co's March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000, factory rent, $32.000, factory utilities, $19,000; and factory equipment depreciation, $51,000. 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 Balances on March 31 Direct materials Direct labor $ 29,000 $ 35,000 20,000 18,000 Applied overhead Costs during April Direct 10,000 9,000 220,000 $100,000 135,000 materials Direct labor 10s,000 85,000 150,000 Applied overhead Finished (unsold) Status on April Finished (sold) In process 30 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). Inh 307 April Direct 135,000 220,000 $100,000 materials Direct labor Applied overhead Status on April 85,000 150,eee 105,e0e Finished (unsold) Finished In 30 (sold) process 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 308 April Total From March Direct Materials 29.000 35,000 $ 64,000 38,000 Direct Labor 20.000 18,000 Applied overhead Beginning goods in process 10.000 9,000 19.000 For April 220,000 135,000 100,000 Direct Materials 455,000 85.000 150,000 105.000 Direct Labor 340 000 Applied overhead Total costs added in April Total costs (April 30) Finished (unsold) Finished (sold) In process Status on April 30 April 30 cost included in