Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $380,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $23,000; factory rent, $30,000; factory utilities, $22,000; and factory equipment depreciation, $61,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 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 $ 25,000 $ 40,000 Direct labor 22,000 Applied overhead 11,000 18,000 9,000 Costs during April Direct materials 136,000 200,000 $115,000 Direct labor 104,000 151,000 102,000 Applied overhead ? 7 Finished Status on April 30 Finished (sold) (unsold) In process