Required information [The following information applies to the questions displayed below.) Marcelino Cos March 31 Inventory of raw materials is $88.000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $390,000. Overhead costs incurred in April are: Indirect materials, $57000, Indirect labor, $27.000; factory rent. $39.000; factory utilities. $20,000, and factory equipment depreciation, $61,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Bob 387 Job 388 $ 29,000 23,000 11,500 $ 40,000 17,000 8,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 135,000 184.000 210,000 155,000 $115,000 104.00 Finished (sold) Finished (unsold) process 4-a. Compute gross profit for April 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 4B Commute nene nenfit for Anril