Required Information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 386 Job 307 Job 388 Balances on March 31 Direct materials used in March) $ 26,000 $ 41,699 Direct labor used (in March) 21,800 19,800 Overhead applied (March) 10,500 9,500 Costs during April Direct materials used 133,000 210,00 $ 105, eee Direct labor used 105, eee 152,898 184,888 Overhead applied ? ? Finished Finished Status on April 30 In process (sold) (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $550.000, and total factory payroll cost in April is $381.000. c. Actual overhead costs incurred in April are indirect materials. $60,000: indirect labor, $20,000: factory rent. $33.000: factory utilities, $25,000: and factory equipment depreciation. $58.000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April. ? 5-0. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Reg SA Req 5B Compute gross profit for April. Gross profit S 660.000 Required Information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 386 Job 307 Job 388 Balances on March 31 Direct materials used in March) $ 26,00 $ 41,888 Direct labor used (in March) 21,888 19,898 Overhead applied (March) 10,5ee 9,500 Costs during April Direct materials used 133,880 210, eee $ 105, eee Direct labor used 185,888 152,600 184,800 Overhead applied Finished Finished Status on April 30 (sold) (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80.000. b. Raw materials purchases in April are $550.000. and total factory payroll cost in April is $381.000. c. Actual overhead costs incurred in April are indirect materials, $60,000; indirect labor, $20.000; factory rent, $33.000; factory utilities, $25.000; and factory equipment depreciation. $58.000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April. ? ? ? 3-0. Compute gross profit for April. 3-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Reg 5A Reg 5B Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories S 0