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 $560,000, and factory payroll cost in April is $386,000. Overhead costs incurred in April are: indirect materials, $60,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $22,000; and factory equipment depreciation, $55,000. 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. Balances on March 31 Job 306 Job 307 Job 308 Direct materials $ 28,000 Direct labor Applied overheadi 21,000 10,500 $ 42,000 18,000 9,000 Costs during April Direct materials 133,000 215,000 $105,000 Direct labor 103,000 155,000 101,000 Applied overhead 7 7 2 Finished Status on April 301 (sold) Finished (unsold) In process