Required information [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Overhead applied Direct labor used Status on April 30 Additional Information $31,000 23,000 11,500 $ 44,000 14,000 7,000 137,000 104,000 7 220,000 $ 105,000 151,000 102,000 Finished Finished (sold) (unsold) In process a. Raw Materials Inventory has a March 31 balance of $83,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $380,000. c. Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $23,000, factory rent, $34,000; factory utilities, $20,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $645,000 cash in April. Check my work 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 March Direct materials S 31,000 $ Direct labor 23,000 Overhead applied 11,500 Work in process, beginning Job 307 44,000 14,000 7,000 Job 308 April Total $ 0 462,000 357,000 0 207,000 819,000 $ 0 April Direct materials 137,000 220,000 105,000 Direct labor Overhead applied Costs added in April 104,000 151,000 102,000 241,000 Total costs Status on April 30 Finished (sold) Finished (unsold) 371,000 In process April 30 cost included in