! Required information [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $377,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $21,000; factory rent, $35,000; factory utilities, $21,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 32,000 24,000 12,000 $ 40,000 15,000 7,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead 130,000 103,000 ? Finished (sold) 215,000 152,000 ? Finished (unsold) $110,000 101,000 ? In process Status on April 30 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials $ $ Direct Labor Applied overhead Beginning goods in process For April Direct Materials 32,000 24,000 12,000 68,000 40,000 15,000 7,500 62,500 $ 72,000 39,000 19,500 $ 130,500 $ $ $ 0 130,000 215,000 152,000 110,000 101,000 455,000 356,000 Direct Labor 103,000 Applied overhead 0 Total costs added in April 233,000 367,000 211,000 811,000 Total costs (April 30) $ 0 Finished (sold) Status on April 30 April 30 cost included in: Finished (unsold) Finished goods inventory In process Work in process inventory Cost of goods sold