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 $520,000, and factory payroll cost in April is $387,000. Overhead costs incurred in April are: indirect materials, $59,000, indirect labor. $27,000, factory rent, $36,000, factory utilities, $23,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $650,000 cash in April Costs of the three jobs worked on in April follow. Balances on March 31 1 Direct materials Direct labor Applied overhead Job 306 Job 307 Job 308 $ 30,000 $ 42,000 21,000 10,500 13,000 6,500 Direct materials 135,000 215,000 $115,000 Direct labor 105,000 152,000 103,000 Applied overhead Status on April 30 Finished (sold) Finished (unsold) In process Costs during April Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31) Job 306 Job 307 Job 308 April Total From March Direct Materials $ 30,000 $ 42,000 Direct Labor 21,000 Applied overhead 10,500 13,000 6,500 Beginning goods in process $ 72,000 34,000 17,000 $ 0 For April Direct Materials 135,000 215,000 115,000 465,000 Direct Labor 105,000 152,000 103,000 360,000 Applied overhead 0 Total costs added in April 240,000 367,000 218,000 825,000 $ 0 Total costs (April 30) Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in