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 386 Job 307 Job 388 $ 27,000 23,000 11,589 $ 41,000 16,808 8,000 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 30 140,eee 191,080 ? Finished (sold) 205, 898 151,000 ? Finished (unsold) $ 105, eee 184,80 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80.000. b. Raw materials purchases in April are $550.000. and total factory payroll cost in April is $380.000. c. Actual overhead costs incurred in April are indirect materials, $50,000: indirect labor, $24.000; factory rent. $38.000; factory utilities, $23.000; and factory equipment depreciation, $61,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $670,000 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. Reg 5A Reg 58 Compute gross profit for April. Gross profit 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. Rec SA Reg 5B Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories