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 307 Job 308 Balances on March 31 Direct naterials $ 30,000 $ 42,000 Direct labor 22,000 17,000 Applied overhead 11,000 8,500 Costs during April Direct materials 132,000 205,000 $115,000 Direct labor 101,000 153,000 101,000 Applied overhead Status on April 30 Finished Finished (sold) (unsold) process ? ? ? In 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). 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 Jab 308 April Total $ $ 30,000 22.000 11,000 42,000 17.000 8,500 72.000 39,000 19,500 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 $ 0 $ 0 132,000 101,000 205,000 153,000 115,000 101.000 452.000 355.000 ces O 233,000 358,000 216,000 807,000 Total costs April 30) $ 0 Status on April 30 Apr 30 cost included in Finished (sold) Cost of goods sold Finished (unsold) Finished goods inventory In process Work in process inventory