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Required information The following information applies to the questions displayed below. Marcelino Co's March 31 inventory of raw materials is $87000. Raw materials purchases in

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Required information The following information applies to the questions displayed below. Marcelino Co's March 31 inventory of raw materials is $87000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: Indirect materials, $54,000; indirect labor, $28,000 factory rent, $35,000: factory utilities, $23,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $700,000 cash in April. Costs of the three jobs worked on in April follow. Balances on March 31 Direct materials Direct labor Applied overhead 25,e00 42,0e costs during April Direct materials Direct labor Applied overhead 101,e00 151,0 181,000 Finished Finished (sold) unsold) process In Status on April 3e total Required: 1. Determine the total of each production cost incurred for Avri direct labor direct materials, and applied overheag, assigned to each job (including the balances from March 31). and the total l (direct labor, direct materials, and applied overhead), Job 308 Job 306 Job 307 181,000 Applied overhead Finished (sold) Status on April 38 Finished (unsold) process cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost n April on April 30 Apnil 30 cost Costs during April Applied overhead Finished (sold) Status on April 30 (unsold)process 30

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