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

3. Prepare a schedule of cost of goods manufactured.

MARCELINO COMPANY
Schedule of Cost of Goods Manufactured
For Month Ended April 30
Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied Factory rent Factory utilities Indirect labor Indirect materials
Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied Factory rent Factory utilities Indirect labor Indirect materials
Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied Factory rent Factory utilities Indirect labor Indirect materials
Total manufacturing costs	0
Add: Work in process April 30 Add: Work in process March 31 Add: Overapplied overhead Less: Work in process April 30 Less: Work in process March 31 Less: Underapplied overhead
Total cost of work in process	0
Add: Work in process April 30 Add: Work in process March 31 Add: Overapplied overhead Less: Work in process April 30 Less: Work in process March 31 Less: Underapplied overhead
Cost of goods manufactured	$0

4.1 Compute gross profit for April.

Gross Profit	$