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 $600,000, and factory payroll cost in April is $388,000 Overhead costs incurred in April are indirect materials. 558.000 indirect labor, $29,000 factory rent, $38,000 factory utilities, $20,000 and factory equipment depreciation $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 302 Job see Balances on March 31 Direct materials 5. 25,000 $ 38,000 Direct labor 15,000 Applied overhead 10,000 7,500 Costs during April Direct materials 137.00 200,000 $100,000 Oirect lobor 154.ee Applied overhead Status on April 30 Finished Finished (sold) (unsold) In process 20,000 105.000 100,000 ? 2 4-6. Compute gross profit for April 4.6. Show how to present the inventories on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Required Required 46 Computer gross profit for April Gopro Required 40 > 3