Required information [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: Indirect materials, $52,000; indirect labor, $29,000; factory rent, $32,000; factory utilities, $21,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor $ 28,000 $ 36,000 Applied overhead Costs during April 20,000 10,000 19,000 9,500 Direct materials 134,000 Direct labor. 102,000 215,000 $105,000 150,000 Applied overhead 102,000 ? Status on April 381 Finished (sold) Finished (unsold) In process