Required information [The following information applies to the questions displayed below.] Marcelino Co's March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $30,000; factory rent, $33,000; factory utilities, $25,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $685,000 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 Applied overhead Costs during April Direct materials Direct labor $ 30,000 24,000 12,000 $ 40,000 15,000 7,500 136,000 100,000 210,000 150,000 $110,000 104,000 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct labor used Direct materials used Factory overhead applied Total manufacturing costs Total cost of work in process $ 24,000 30,000 12,000 66,000 66,000 Cost of goods manufactured $ 66,000