Required information Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 29,000 Direct labor used (in March) 25,000 Overhead applied (March) 12,500 $ 37,000 14,000 7,000 Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 138,000 104,000 ? Finished (sold) 205,000 $ 105,000 155,000 105,000 ? ? Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. b. Raw materials purchases in April are $510,000, and total factory payroll cost in April is $387,000. c. Actual overhead costs incurred in April are indirect materials, $57,000; indirect labor, $23,000; factory rent, $35,000; factory utilities, $21,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $675,000 cash in April.