Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: indirect materials, $59,000; indirect labor, $27,000; factory rent, $32,000; factory utilities, $24,000; 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 $ 29,000 $ 37,000 Direct labor 23,000 Applied overhead 11,500 14,000 7,000 Costs during April Direct materials 138,000 220,000 $110,000 Direct labor 101,000 150,000 105,000 Applied overhead ? Finished Status on April 30 (sold) Finished (unsold) process ? In