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 $600,000, and factory payroll cost in April is $377,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $20,000; factory rent, $32,000; factory utilities, $23,000; and factory equipment depreciation, $54,000. 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 308 $ 27,000 24,000 12,000 $ 37,000 16,000 8,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 136,000 103,000 ? Finished (sold) 205,000 151,000 ? Finished (unsold) $ 115,000 103,000 ? In process 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 Job 308 April Total $ $ 37,000 27,000 24,000 12,000 16,000 $ 64,000 40,000 20,000 8.000 $ 63,000 $ 61,000 $ 0 $ 124,000 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 Total costs (April 30) Status on April 30 April 30 cost included in: 136,000 103,000 205,000 151,000 115,000 103,000 456,000 357,000 0 239,000 356,000 218,000 813,000 0 $ Finished (sold) Finished (unsold) Finished goods inventory Cost of goods sold In process Work in process inventory