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 306 Job 307 Job 308 $ 35,000 26,000 16,000 $ 41,000 24,000 15,000 150,000 91,000 ? Finished (sold) 235,000 165,000 P $ 115,000 120,000 Finished (unsold) In process a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $515,000, and total factory payroll cost in April is $378,000. c. Actual overhead costs Incurred in April are Indirect materials, $53,750; Indirect labor, $26,750; factory rent, $35,750; factory utilities, $22,750; and factory equipment depreciation, $54,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash In April. 2. Determine the total cost assigned to each job as of April 30 (Including the balances from March 31). Job 306 Job 307 March Direct materials $ 35,000 $ 41,000 Direct labor 26.000 24,000 Overhead applied 16,000 15,000 Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Job 308 150,000 235,000 91,000 165,000 115,000 120,000 241,000 Status on April 30 Finished (sold) April 30 cost included in: 400,000 Finished (unsold) In process April Total $ 0 500,000 376,000 0 235,000 876,000 $ 0