Required information [The following information applies to the questions displayed below] Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: Indirect materials, $57,000; indirect labor, $22,000; factory rent, $34,000; factory utilities, $23,000; and factory equipment depreciation, $56,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $700,000 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 $ 25,000 $ 35,000 Direct labor 23,000 Applied overhead 11,500 15,000 7,500 Costa during April Direct materials 137,000 215,000 $120,000 Direct labor Applied overhead 104,000 2 150,000 105,000 2 2 Finished Status on April 30 Finished In (sold) - (unsold) process 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used Direct labor used Total manufacturing costs Total cost of work in process Cost of goods manufactured