Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $376,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $20,000; factory rent. $33,000; factory utilities, $22,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $690,000 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 $ 25,000 $ 43,000 Direct labor 23,000 15,000 Applied overhead 11,500 7,500 Costs during April Direet materials 131,000 210,000 $110,000 Direct labor 101,000 154,000 101,000 Applied overhead Status on April 30 Finished Pinched In (sold) (unsold) process 5 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 $ $ 25,000 23,000 11,500 43,000 15,000 7,500 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April $ 68,000 38.000 19,000 $ 0 131,000 101,000 210,000 154.000 110.000 101.000 451,000 356,000 0 232.000 364.000 211.000 807.000 Job 306 Job 307 Job 308 $ 25,000 23,000 11,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 131,000 101,000 2 Finished (sold) $ 43,000 15,000 7,500 210,000 154,000 2 Finished (unsold) $110,000 101,000 ? 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 $ $ 25,000 23,000 11,500 43,000 15,000 7,500 $ 68,000 38.000 19,000 $ 0 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April 131,000 101,000 210,000 154,000 110,000 101,000 451,000 356,000 0 232,000 364,000 211,000 807,000 Total costs (April 30) $ 0 Finished (sold) Status on April 30 April 30 cost included in: Finished (unsold) In process