Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor. $23,000; factory rent, $35,000; factory utilities, $22,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct labor Applied overhead- Costs during April Direct materials $ 29,000 24,000 12,000 $ 44,000 18,000 9,000 4 Direct materials 138,000 205,000 $115,000 Direct labor 101,000 154,000 101,000 Applied overhead Status on April 30 Finished (sold) Finished In (unsold) process