Saved 6 Part 3 of 4 12.5 points ebook 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 $590,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $55,000, indirect labor, $28,000, factory rent, $38,000, 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 $700,000 cash in April. Costs of the three jobs worked on in April follow Balances on March 31 Job 306 Job 307 Job 300 Direct materials Direct labor $ 28,000 Print Applied overhead Costs during April 23,000 11,500 $ 38,000 15,000 7,500 Direct materials 135,000 210,000 $105,000 Direct labor 100,000 151,000 105,000 Applied overhead Aeferences Status on April 30 Finished (sold) Finished (unsold) process In 3. Prepare a schedule of cost of goods manufactured MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used S 66,000 Direct labor used 38,000 Actual factory overhead 178,000 Total manufacturing costs 282,000 Add Work in process March 31 123,000 Total cost of work in process 405,000 Less: Work in process April 30 (252,500) Cost of goods manufactured $ 152,500