Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 29,000 Direct labor used (in March) Overhead applied (March) 23,000 11,500 $ 45,000 18,000 9,000 Costs during April Direct materials used 137,000 104,000 ? 205,000 $ 105,000 154,000 104,000 ? ? Finished Finished (sold) (unsold) In process Direct labor used Overhead applied Status on April 30 Additional Information a. Raw Materials Inventory has a March 31 balance of $84,000. b. Raw materials purchases in April are $600,000, and total factory payroll cost in April is $389,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $27,000; 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 $640,000 cash in April. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below.