Required information [The following information applies to the questions displayed below.] Marcelino Co's March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $520,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 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 Direct labor Applied overhead $ 26,000 38,000 14,000 7,000 22,000 11,000 Costs during April Direct materials Direct labor Applied overhead $ 115,00 140,000 215,000 105,000 150,000 104,000 Status on April Finished Finished 30 In (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) April Total Job 306 Job 307 Job 308 From March Direct Materials Direct Labor Applied overhead 26,000 22,000 11,000 38,000 14,000 7,000 $64,000 36,000 18,000 0 Beginning goods in process For April 470,000 359,000 0 829,000 0 115,000 104,000 Direct Materials 140,000 105,000 215,000 150,000 Direct Labor Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in 245,000 365,000 219,000 Finished (sold) Finished unsold In process