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 $570,000, and factory payroll cost in April is $391,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $29,000; factory rent, $38,000; factory utilities, $19,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 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		$	31,000			$	36,000
Direct labor			23,000				15,000
Applied overhead			11,500				7,500
Costs during April
Direct materials			130,000				210,000			$	105,000
Direct labor			103,000				155,000				104,000
Applied overhead			?				?				?
Status on April 30	Finished (sold)				Finished (unsold)					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
From March
Direct Materials	$31,000				$36,000					$67,000
Direct Labor	23,000				15,000					38,000
Applied overhead	11,500				7,500					19,000
Beginning goods in process										$0
For April
Direct Materials	130,000				210,000			105,000		445,000
Direct Labor	103,000				155,000			104,000		362,000
Applied overhead										0
Total costs added in April	233,000				365,000			209,000		807,000
Total costs (April 30)										$0
Status on April 30	Finished (sold)				Finished (unsold)			In process
April 30 cost included in:	Cost of goods sold Finished goods inventory Raw materials inventory Work in process inventory			Cost of goods sold Finished goods inventory Raw materials inventory Work in process inventory			Cost of goods sold Finished goods inventory Raw materials inventory Work in process inventory