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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

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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 $510,000. and factory payroll cost in April is $381,000. Overhead costs incurred in April are: Indirect materials. $55,000; indirect labor, $28,000 factory rent. $31.000; factory utilities, $24,000, and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $690,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 302 Job 305 $ 29,000 23,000 11,500 $ 40,000 17,000 8,500 Balances on March 31 Direct materials Direct Labor Applied overhead Coate during April Direct materials Direct labor Applied overhead Status on April 30 134.000 101,000 215,000 150.000 2 Finished unsold) $105,000 102,000 7 In proceso Finished (sold) 13 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 300 April Total $ $ 20.000 23.000 11,500 40.000 17,000 8.500 $ 60,000 40.000 20,000 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April 134,000 101.000 215,000 150,000 105,000 102.000 454,000 253,000 Total costs (April 30) + Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included in

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