Required information (The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $88,000, Raw materials purchases in April are $550,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $28,000; factory rent, $33,000; factory utilities, $20,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $660,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 387 Job 308 Balances on March 31 Direct materials $ 30,000 $ 42,000 Direct labor 22,000 17,000 Applied overhead 11,080 8,500 Costs during April Direct materials 132,000 205,000 $115,000 Direct labor 101,200 153,000 101,00e 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 ToLivryen, JJ,UVU, TOLLUT y unues, -20,Uvu, onu Talwr y cyuipe UC PIELIQUUNT, 304, U. Tre predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $660,000 cash in April. Costs of jobs worked on in April follow. Job 306 Job 307 Job 308 $ 42,000 17,000 8,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 $ 30,000 22,000 11,000 132,000 101,000 7 Finished (sold) 205,000 153,000 ? Finished (unsold) $115,000 101,000 7 In process 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