Required information Problem 19-1A 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 $81,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $51,000; indirect labor, $25,000; factory rent, $37,000; factory utilities, $22,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $630,000 cash in April. Costs of the three jobs worked on in April follow. Balances on March 31 Job 306 Job 307 Job 308 Direct materials $ 26,000 Direct labor 22,000 Applied overhead 11,000 $ 36,000 15,000 7,500 Costs during April Direct materials 132,000 215,000 $110,000 Direct labor 101,000 Applied overhead: Status on April 30 Finished (sold) 154,000 102,000 ? Finished (unsold) In process Problem 19-1A Part 1