[The following Information applies to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $88,000, Raw materials purchases in April are $530,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are Indirect materials, $59,000; Indirect labor $29,000, factory rent, $30,000; factory utilities, $20,000, and factory equipment depreciation, $52,000 The predetermined overhead rate is 50% of direct labor cost, Job 306 is sold for $665,000 cash in April Costs of the three jobs worked on in April follow. Job 307 Job 308 $ 35,00 16,000 8,000 Job 306 Balances on March 31 Direct $ 30,000 materials Direct labor 21,000 Applied 19,500 overhead Costs during April Direct 131,009 materials Direct labor 103,000 Applied overhead Status on April Finished 30 (sold) 200,000 151,000 $105,000 101,000 2 Finished Cunsold) In process Required Required: 1. Determine the total of each production cost incurred for April (direct labor, direct matertals, and applied overhead), and the total cost assigned to earn job (including the balances from March 31). Job 306 Job 307 Job 308 April Total $ 30,000 21,000 10,500 35,000 16,000 8,000 $ 65,000 37.000 18,500 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For Aps Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (Apr 30 Status on April 30 A 30 cost included in 131 000 103,000 200,000 151,000 105.000 101,000 436.000 355,000 Finished (old) Finished unsold) in process a. Materials purchases (on credit) b. Direct materials used in production c. Direct labor pald 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 1. Actual overhead costs incurred, including Indirect materials. (Factory rent and utilities are paid in cash.) 9. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306. 1. 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 2. Prepare journal entries for the month of April to record the above transactions View transaction list 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 4-0. Compute gross profit for April. 4-6. Show how to present the inventories on the Apni 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 48 Compute gross profit for April Gross profit Required 4B >