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 387 307 Job 308 Job 388 $ 32,000 $ 39,000 14,000 7.000 11,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 134, eee 103.000 205,000 151,000 $110,000 109, cee Finished (sold) 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). Job 306 Job 307 Job 308 April Total $ $ 71.000 From March Direct Materiale Direct Labor Applied overhead Beginning goods in process For Apni 32.000 22.000 11.000 39,000 14,000 7.000 30.000 18.000 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 39.000 $71.000 32.000 22.000 11.000 14.000 7.000 From March Direct Material s Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in 134.000 110.000 205,000 151.000 449,000 354,000 103.000 100.000 Finished (sold) Finished (unsold) in process UNCLE UU UUU SUOLIURV UVE 1 Required information 9. transfer of ODS 306 ana 307 to Finisned Gooas inventory h. Cost of goods sold for Job 306. 1. Revenue from the sale of Job 306 J. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not m 2. Prepare journal entries for the month of April to record the above transactions View transaction list Journal entry worksheet