Required information The following information applies to the questions displayed below Marcelino Co's March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: indirect materials, $58,000, indirect labor. $20,000, factory rent, $36,000, 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 S690.000 cash in Apr. Costs of the three jobs worked on in April follow Balances on March 31 Direct materials Direct labor Applied overhead s 28,000 $ 38,eee 16,880 11,000 8,000 22,809 Costs during April Direct materials Direct labor Applied overhead Status on April Finished 30 137,680 228,800 $11e,8e0 182,000 152,880 184,800 FinishedIn (unsold) process (sold) Required: 1 Determine the total of each production cost incurred for Apri (direct labor,direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31 From March Direct Materials Dieect Labor Applied overhead 28,000 22,000 11,000 38,000 16000 8000 S 66,000 38,000 19.000 Beginning goods in process For Apei Direct Materials 37 000 102000 220.000 110.000 104.000 467 D00 58 000 Direct Labor 152,000 Applied overhead Total costs added in Ap Total costs (Apri 30) Status on Apri 3 Finished (sold) Finished(unsold) n process 30 cost included in W Ch 15 4 Marcelino Co.'s March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor $20,000, factory rent, $36,000, 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 S690.000 cash in April. Costs of the three jobs worked on in April follow Pert 4 of 4 Balances on March 31 5 Direct materials Direct labor Applied overhead 28,000 $ 38,000 22,000 11,000 16,680 8,680 Costs during April Direct materials Direct labor Applied overhead Status on April Finished 30 137,000 220,00e $110,000 182,000 152,000 184,000 Fini shed (unsold) process In (sold) 4.1 Compute gross profit for April Gross Pro 4.2 Show how to present the inventories on the April 30 balance sheet Work in process Finished gpods Total inventories