Required information [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $82,000, Raw materials purchases in April are $550,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $57,000, indirect labor. $23,000; factory rent, $37,000; factory utilities, $24,000, and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 107 Job 308 $ 29,000 24,000 12,000 $ 39,000 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 30 139,000 103,000 2 Finished (sold) 220,000 151,000 2 Pinished (unsold) $110.000 104,000 2 In process 4-a. Compute gross profit for April 4-b. Show how to present the inventories on the April 30 balance steet. Required 4A Required 4B Compute gross profit for April. Gross profit