Required information [The following information applies to the questions displayed below] Marcelino Co's March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor $23,000: factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307ll 3ob 388 Balances on March 31 $ 29,000 35,0e0 Direct materials Direct labor Applied overhead 1e,eee 18,ee 9,000 2e,0ee Costs during Apri1 Direct materials Direct labor Applied overhead Status on April 30 135,oee 220,eee $1e0,00e 158,000 15,900 85,068 Finished Finished (unsold) In process (sold) 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured