Required information [The following information applies to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $383,000 Overhead costs incurred in April are: Indirect materials, $52,000; indirect labor, $28.000 factory rent, $38,000, factory utilities, $23,000, and factory equipment depreciation, $56,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $660,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Bob 307 3ob sex Balonces on March 31 Direct materials 32,000 5 41,000 Direct labor 21,000 16,000 Applied overhead 10,500 8,000 Costs during April Direct materials 136,000 210,000 $ 120,000 Direct labor 101,800 151,000 103,000 Applled overhead Finished Finished Status on April 30 (sold) (unsold) process ? 2 In 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 J08 April Total $ 32,000 21,000 10,500 41,000 16,000 8,000 $ 73,000 37,000 18,500 From March Dired Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost Included in: 136,000 101.000 210.000 151,000 120.000 103,000 466,000 355,000 Finished (sold) Finished (unsold) In process