Required information The following information applies to the questions displayed below Marcelino Co.'s March 31 inventory of raw materials is $82.000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $386.000. Overhead costs incurred in Aprilare: indirect materials. $59.000 indirect labot $28,000; factory rent. $32,000; factory utilities. $21,000, and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three Jobs worked on in April follow Job 306 Job 307 Job 308 $ $ 27.000 22,000 11,000 35.000 19,000 9,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 130,000 102,000 215,000 154.000 $ 110,000 102,000 7 Finished (sold) Finished (unsold) process 4.1 Compute gross profit for April Gross Profit 4.1 Compute gross profit for April. 4 of 4 Gross Profit Book Print rences 4.2 Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories