search Required information Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $26,000; factory rent, $35,000; factory utilities, $19,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 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 Direct labor $ 30,000 Applied overhead Costs during April 21,000 10,500 $ 38,000 13,000 6,500 Direct materials 137,000 220,000 Direct labor 103,000 Applied overhead 151,000 P $110,000 104,000 ? Status on April 30 Finished (sold) Finished (unsold) In process < Prev S 4 5 6 of 6 Next > W Check my wa El