Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: Indirect materials, $58,000; Indirect labor, $21,000; factory rent, $33,000; factory utilities, $21.000; and factory equipment depreciation, $51,000. 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 $ $ 25,000 22,000 11,000 43,000 16,000 8,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 135,000 103,000 200,000 154,000 $ 120,000 104,000 Finished (sold) Finished unsold) In process 41 Constance of And mework Assignment does not indicate completion. Check my work mode: This shows what is correct or incorrect for the work you have completed so Return to questi 4.1 Compute gross profit for April. Answer is complete but not entirely correct. Profit 302,500 X 4.2 Show how to present the inventories on the April 30 balance sheet. Answer is complete but not entirely correct. Inventories Raw materials $ 58,000 % Work in process 180,500 X Finished goods 845,500 Total inventories $ 1,084,000