Required information [The following information applies to the questions displayed below.) Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 37,000 28.000 18,000 $ 43,000 26,000 17,000 Balances on March 31 Direct materials used in March) Direct labor used (in March) overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied status on April 30 155,000 93,000 240,000 120,000 170,000 125,000 ? 2 Finished In process (unsold) Finished (old) Additional Information a. Raw Materials Inventory has a March 31 balance of $88,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $383,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $28,000, factory rent, $37,000: factory utilities, $24,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 307 Job 306 Job 308 April Total March Direct materials $ $ 37,000 28,000 43,000 26,000 17,000 Direct labor Overhead applied 18,000 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 300 April Total $ $ 37.000 28,000 18,000 43,000 26,000 17.000 March Direct materials Direct labor Overhead applied Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in: 155,000 93,000 240,000 170,000 120.000 125,000 515,000 388,000 Finished (unsold) In process Finished (sold)