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 Balances on March 31 $ 30,200 $.36,200 Direct materials used (in March) Direct labor used (in March) overhead applied (March) 21,200 19,200 10, 200 11, 200 costs during April Direct materials used. Direct labor used Overhead applied 138,000 36,200 ? Finished (sold) 223,000 153,000 ? Finished $ 103,000 108,000 ? status on April 30 In process (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $81,200. b. Raw materials purchases in April are $503,000, and total factory payroll cost in April is $366,000. c. Actual overhead costs incurred in April are Indirect materials, $50,750, Indirect labor, $23,750; factory rent, $32,750, factory utilities, $19,750, and factory equipment depreciation, $51,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $638,000 cash in April. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Reg 5A Req 58 Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials Work in process 4 265,000 518,100 Finished goods Total inventories S 783,100