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 8,500 Job 306 Job 307 Job 308 $ 31,000 $ 44,000 21,000 17,000 10,500 140,000 215,000 $115,000 103,000 154,000 104,000 Finished Finished (sold) (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $83,000. b. Raw materials purchases in April are $540,000, and total factory payroll cost in April is $384,000. c. Actual overhead costs incurred in April are indirect materials, $60,000; indirect labor, $23,000; factory rent, $40,000; factory utilities, $23,000; and factory equipment depreciation, $63,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $685,000 cash in April. Required information 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 March Direct materials $ 31,000 $ Direct labor 21,000 Overhead applied 10,500 44,000 17,000 8,500 Work in process, beginning April + Direct materials 140,000 215,000 115,000 Direct labor 103,000 154,000 104,000 Overhead applied Costs added in April 243,000 369,000 Total costs Status on April 30 Finished (sold) Finished (unsold) April 30 cost included in In process $ April Total 470,000 361,000 0 219,000 831,000 $ 0