Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information Job 306 Job 387 Job 388 $ 28,000 24,000 12,000 $ 38,000 17,000 8,500 135,000 103,000 ? Finished (sold) 210,000 153,000 ? Finished (unsold) $110,000 102,000 ? In process a. Raw Materials Inventory has a March 31 balance of $88,000. b. Raw materials purchases in April are $510,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $23,000; factory rent, $31,000; factory utilities, $23,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $680,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Saved b. Raw materials purchases in April are $510,000, and total factory payroll cost in April c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labo factory utilities, $23,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $680,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0 0 c. Actual overread costs incurred in April are indirect materials, 55,, indirect IADO factory utilities, $23,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $680,000 cash in April. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Req 5A Req 5B Compute gross profit for April. Gross profit c. Actual overread costs incurred in Apri are indirect materials,,, indirect 18001, 323,000, factory rent, $31,00 factory utilities, $23,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $680,000 cash in April. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Req 5A Req 5B Show how the three inventory accounts are reported on the April 30 balance sheet. Raw materials Work in process Finished goods Total inventories Inventories $ 0