! Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $387,000 Overhead costs incurred in April are: indirect materials, $57,000, indirect labor, $24,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $51,000. 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. Job 306 Job 307 Job 308 Balances on March 31 Direct labor Applied overhead Costs during April Direct materials $ 28,000 24,000 12,000 $ 42,000 15,000 7,500 Direct materials Direct labor 139,000 105,000 200,000 153,000 $110,000 105,000 Applied overhead Status on April 30 Finished (sold) Finished (unsold) In process 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 From March Direct Materials $ 28,000 42,000 Direct Labor 24,000 15,000 Applied overhead 12,000 7,500 Beginning goods in process April Total $ 70,000 39,000 19,500 $ 0 For April Direct Materials 139,000 200,000 Direct Labor 105,000 153,000 110,000 105,000 449,000 363,000 Applied overhead Total costs added in April Total costs (April 30) 0 244,000 353,000 215,000 812,000 0 Status on April 30 Finished (sold) April 30 cost included in Finished goods inventory Finished (unsold) Finished goods inventory In process Work in process inventory