Syllabus-NV280 ENG 125.060N SPI Chapter 15 - Homework Marcelino Co's March 31 Inventory ( Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return Marcelino Co's March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $377,000. Overhead costs incurred in April are: indirect materials, $59,000: indirect labor $22,000; factory rent, $36,000, factory utilities, $22,000; and factory equipment depreciation, $60,000. 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. Part 4 of4 Job 306 Job 307 Job 308 Balances os Mareh 31 26,000 37,000 22,000 20 Direct materials Direct labor Applied overhead 14,000 7,000 11,000 Costs during April Direct materials Direet labor Applied overhead Status on April 30 132,000 205,000 $120,000 151,000 103,000 101,000 rinished rinished sold) (unsold) process 41 Compute gross profit for April. Answer is complete but not entirely correct. Gross r 622,000 0