The following information applies to the questions displayed below.] Marcelino Co.s March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $380,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $21,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $51,000. 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 Applied overhead $ 31,000 25,000 12,500 40,000 16,000 8,000 Costs during April Direct materials Direct labor Applied overhead 132,000 103,000 210,000 153,000 $120,000 103,000 Status on April 30 Finished (sold) Finished (unsold In process