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 $80.000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363.000. Overhead costs incurred in Aprilare: indirect materials, 550,000, 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 386 Job 387 Job 388 Balances on March $ 35,880 18,000 9,000 Direct materials $ 29,800 Direct labor 20,000 Applied 10,000 overhead Costs during April Direct materials 135,000 Direct labor 85,000 Applied overhead Status on April Finished (sold) 220,000 150,000 $100,000 105,000 Finished (unsold) process Problem 15-1A Part 4 4-6. Compute gross profit for April 4-b. Show how to present the inventories on the April 30 balance sheet. JJ, 18,000 20,000 10,000 9,000 Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 135,000 85,000 220,000 150,000 $100,000 105,000 Finished (sold) Finished (unsold) process Problem 15-1A Part 4 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. Required 4A Required 48 Compute gross profit for April Gross profit Required 4B $ 35,000 18,000 9,000 materials $ 29,800 Direct labor 20,000 Applied overhead 10,000 Costs during April Direct materials 135,000 Direct labor 85,000 Applied overhead Status on April Finished (sold) 220,000 150,000 $100,000 105,000 Finished (unsold) process 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 46 Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories