[The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $24,000; factory rent, $38,000; factory utilities, $21,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $700,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 $ 29,000 $ 38,000 Direct materials Direct labor 23,000 11,500 16,000 8,000 Applied overhead Costs during April Direct materials $100,000 138,000 102,000 200,000 150,000 Direct labor 103,000 Applied overhead Finished Finished In Status on April 30 (sold) (unsold) process Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials 38,000 29,000 67,000 16,000 Direct Labor 23,000 39,000 11,500 19.500 Applied overhead 8.000 Beginning goods in process For April 200,000 Direct Materials 138,000 100,000 438,000 150,000 355.000 Direct Labor 102,000 103.000 Applied overhead Total costs added in April Total costs (April 30) Finished (unsold) Finished (sold) Status on April 30 In process April 30 cost included in: a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory. d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory. h. Cost of goods sold for Job 306. i. Revenue from the sale of Job 306. j. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) 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 Total cost of work in process Cost of goods manufactured