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The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $81000 Raw materials purchases in April are $590,000, and factory payroll cost in April is $388,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $27,000; factory rent, $31,000; factory utilities, $22,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $690,000 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 $ 29,000 $ 43,000 Direct labor 21,000 15,000 Applied overhead 10.500 7.500 Costs during April Direct materials 139,000 205,000 $110,000 Direct labor 103,000 153,000 105,000 Applied overhead 2 Pinished Pinished Status on April 30 (sold) (unsold) process 2 2 In 4-a. Compute gross profit for April 4.b. Show how to present the inventories on the April 30 balance sheet. mlete this question by entering your answers in the tabs below. Direct materials Direct labor Applied overhead 139,00 103,00 2 Finishe (sold) Status on April 30 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on th Complete this question by entering your a Required 4A Required 4B Compute gross profit for April. Gross profit 4-a. Compute gross profit for April. 4b. Show how to present the inventorie Complete this question by entering Required 4A Required 4B Show how to present the inventories on the Inventories Raw materials Work in process Finished goods Total inventories , Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 $ 29,000 21,000 10,500 $ 43,000 15,000 7,500 139,000 103,000 2 Finished (sold) 205,000 153,000 2 Finished (unsold) $110,000 105,000 2 In process 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 4B Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories $