Required information [The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $80,000 Raw materials purchases in April are $500.000 and factory payroll cost in April is $363,000. Overhead costs incurred in April are indirect materials $50,000. Indirect labor. $23,000, factory rent, $32,000, factory utilities, $19,000, and factory equipment depreciation, 551000 The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $635,000 cash in April Costs of the three job worked on in April follow Job 06 Bob 07 306 305 Balances on March 31 Direct materials $ 29,000 $ 35,000 Direct labor 28,000 18,000 Applied overhead 10,000 9,000 Costs during April Direct materials 135,000 220,000 $100,000 Direct labor 85,000 150,000 105,000 Applied overhead 2 Finished Finished In Status on April 30 (sold) (unsold) process 3. Prepare a schedule of cost of goods manufactured. 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used 0 Direct labor used Factory overhead applied Total manufacturing costs Add: Work in process March 31 Total cost of work in process Less: Work in process April 30 Cost of goods manufactured 0 $ 0