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 386 Job 307 Job 388 $ 26,000 23,000 11,500 $ 44,000 15,000 7,500 130,000 103,000 ? Finished (sold) 205,000 152,000 ? Finished $ 105,000 104,000 (unsold) In process a. Raw Materials Inventory has a March 31 balance of $81,000. b. Raw materials purchases in April are $570,000, and total factory payroll cost in April is $384,000. c. Actual overhead costs incurred in April are Indirect materials, $56,000; Indirect labor, $25,000; factory rent. $35,000; factory utilities, $22,000; and factory equipment depreciation, $57,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 cash In April. 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 26,000 $ Direct labor 23,000 Overhead applied 11,500 Work in process, beginning S 60,500 April Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in: Job 307 44,000 15,000 7,500 Job 308 April Total $ 60,500 130,000 205,000 103,000 152,000 105,000 104,000 440,000 359,000 51,500 51,500 284,500 357,000 Finished (unsold) In process 209,000 850,500 S 0 Finished (sold)