Required Information (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 $550,000, and factory payroll cost in April is $379,000. Overhead costs incurred in Aprilare: indirect materials, $54,000; indirect labor, $22,000; factory rent, $34,000; factory utilities, $24,000, and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $645,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 388 Balances on March 31 Direct materials $ 25,000 $ 45,000 Direct labor 25, eee 15,000 Applied overhead 12,500 7,500 Costs during April Direct materials 130,000 210,000 $115,000 Direct 101,000 labor 154,000 102,000 Applied overhead 7 7 7 Status on Finished Finished In April 30 (sold) (unsold) 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 April Total $ $ 25,000 25,000 12,500 45,000 15,000 7.500 $ 70,000 40,000 20,000 $ 0 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in: 130,000 101,000 210,000 154,000 115,000 102.000 455,000 357,000 0 812,000 $ 0 231,000 364,000 217.000 Finished (sold) Finished (unsold) In process Required information [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 $550,000, and factory payroll cost in April is $379,000, Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $22,000; factory rent, $34,000; factory utilities, $24,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $645,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 25,000 $ 45,000 Direct 25,000 labor 15,000 Applied overhead 12,500 7,500 Costs during April Direct materials 130,000 210,000 $115,000 Direct labor 101,000 154,000 102,000 Applied 7 overhead 7 ? Status on Finished Finished In April 30 (sold) (unsold) process 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0