Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April $ 27,000 23,000 11,500 $ 41,000 13,000 6,500 Direct materials used 205,000 150,000 Direct labor used Overhead applied 138,000 104,000 ? Finished (sold) $ 110,000 102,000 ? ? Finished Status on April 30 In process (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $540,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs incurred in April are indirect materials, $60,000; indirect labor, $25,000; factory rent, $39,000; factory utilities, $25,000; and factory equipment depreciation, $64,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $670,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used $ 45,300 Direct labor 356,000 Factory overhead applied Total manufacturing costs 401,300 Add: Work in process inventory, beginning Total cost of work in process 401,300 Less: Work in process inventory, ending Cost of goods manufactured $ 401,300