(The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $376,000. Overhead costs incurred in April are: Indirect materials, $59,000; Indirect labor, $23,000; factory rent, $37,000, factory utilities, $24,000; and factory equipment depreciation $53,000. 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 $ 26,000 $ 43,000 Direct labor 23,000 13,000 Applied overhead 11,500 6,500 Costs during April Direct materials 134,000 210,000 $100,000 Direct labor 101,000 151,000 101,000 Applied 7 ? overhead Status on Finished Finished In April 30 (sold) (unsold) process 7 3. Prepare a schedule of cost of goods manufactured MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured 0