Required information. [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: Indirect materials, $58,000; indirect labor, $25,000; factory rent, $38,000; factory utilities, $22,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April. Costs of the three jobs worked on in April follow. Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Job 306 Job 307 Job 308 $ 26,000 21,000 10,500 $ 44,000 17,000 8,500 Direct materials 132,000 Direct labor Applied overhead 102,000 7 215,000 154,000 $105,000 102,000 ? ? Finished Status on April 30 (sold) Finished (unsold) In process