Required Information [The following information applies to the questions displayed below.J Ciolino Co.'s March 31 inventory of raw materials is $130,000. Raw materials purchases in April are $450,000, and factory payroll cost in April is $237,000. Overhead costs incurred in April are: indirect materials, $30,000; indirect labor, $14,000; factory rent, $17,000; factory utilities, $11,000; and factory equipment depreciation, $20,200. The predetermined overhead rate is 40% of direct labor cost. Job 306 is sold for $390,000 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 $8,000 13,000 5,200 $22,000 14,000 5,600 Costs during April $ 75,000 Direct materials Direct labor Applied overhead 105,000 170,000 41,000 62,000 120,000 Status on April 30 Finished (sold) Finished (unsold) n process