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 307 Job 300 Dalances on March 31 Direct materials # 29.000 $ 40,000 Direct labor 23,000 17,000 Applied overhead 11,500 8,500 Coata during April Direct materials 134.000 215,000 $105,000 Direct labor 101,000 150,000 102,000 Applied overhead 2 2 Finished Pinished In Status on April 30 (sold) (unsold) process 2 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured + For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured