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Required information Skip to question [ The following information applies to the questions displayed below. ] Marco Company shows the following costs for three jobs

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[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) $ 33,400 $ 39,400
Direct labor used (in March)24,40022,400
Overhead applied (March)14,40013,400
Costs during April
Direct materials used 146,000231,000 $ 111,000
Direct labor used 89,400161,000116,000
Overhead applied ?question mark ?question mark ?question mark
Status on April 30 Finished (sold) Finished (unsold) In process
Additional Information
Raw Materials Inventory has a March 31 balance of $84,400.
Raw materials purchases in April are $511,000, and total factory payroll cost in April is $374,000.
Actual overhead costs incurred in April are indirect materials, $52,750; indirect labor, $25,750; factory rent, $34,750; factory utilities, $21,750; and factory equipment depreciation, $53,750.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $646,000 cash in April.
5-a. Compute gross profit for April.
5-b. Show how the three inventory accounts are reported on the April 30 balance sheet.

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