Required Information [The following information applies to the questions displayed below.] Winfrey Co's March 31 inventory of raw materials is $100,000. Raw materials purchases in April are $400,000, and factory payroll cost in April is $222,000. Overhead costs incurred in April are: indirect materials, $29,000 indirect labor, $12,000; factory rent, $19,000; factory utilities, $11,000; and factory equipment depreciation, $29,700. The predetermined overhead rate is 45% of direct labor cost. Job 306 is sold for $420,000 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 Direct labor Applied overhead $ 9,000 14,000 6,300 $ 14,000 13,000 5,850 Costs during April Direct materials Direct labor Applied overhead 160,000 75,000 54,000 95,000 36,000 120,000 Status on April 30 Finished (sold) Finished (unsold) In process