Required information (The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $374,000. Overhead costs incurred in April are: Indirect materials, $59.000; Indirect labor. $22,000; factory rent, $40,000; factory utilities, $24,000, and factory equipment depreciation, $52.000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675.000 cash in April. Costs of the three jobs worked on in April follow. Job 306 $ 27,000 22,000 11,000 Job 3071 11 Job 308. $ 43,000 14,000 7.000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 138.000 101,000 215.000 151.000 $110.000 100.000 Pinhed (old) 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). 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 Direct Labor 27,000 43,000 14.000 $ 70,000 36,000 18,000 $ 124,000 7,000 64.000 60,000 Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April 215.000 110.000 138,000 101.000 463,000 352,000 151,000 100,000 239,000 366,000 210,000 815,000 Total costs (April 30) Status on April 30 Apr 30 cost included in: Finished (sold) Cost of goods sold Finished (unsold) Finished goods inventory In process Work in process inventory