Required information The following information applies to the questions displayed below.] Marcelino Co's March 31 inventory of raw materials is $90.000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $380,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $26.000; factory rent, $34,000; factory utilities. $23,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $680,000 cash in April. Costs of the three jobs worked on in April follow. Job 386 Job 307 Job 308 Balances on March 31 Direct materials $ 32,000 $ 39,000 Direct labor 22,000 14,000 Applied overhead 11,000 7,000 Costs during April Direct materials 134,000 205,000 $110,000 Direct labor 103, 009 1 51,000 100,000 Applied overhead Status on April 30 Finished Finished In (sold) (unsold) process predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 cash in April. Costs of the three jobs worked on in April follow Job 396 Job 307 Job 388 $ 32,000 22,000 11,000 $ 39,000 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 30 134,000 103, 000 205,000 151, 000 $110,000 100,000 Finished (sold) Finished (unsold) process 3. Prepare a schedule of cost of goods manufactured MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured Puuveneau Status on April 30 Finished (sold) Finished (unsold) In process 4.1 Compute gross profit for April. Gross Profit 4.2 Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories