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 $375,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor. $21,000; factory rent, $40,000; factory utilities, $24,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $630,000 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 $ 30,000 $ 38,000 Direct labor 20,000 14,000 Applied overhead 10,000 7,000 Costs during April Direct materials 131,000 210,000 $120,000 Direct labor 101,000 153,000 100,000 Applied overhead Status on April 30 Finished Finished (sold) (unsold) process 7 In 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 0 Total cost of work in process 0 Cost of goods manufactured $ 0