(The following information applies to the questions displayed below Marcelino Co's March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $560,000, and $22,000; factory rent, $38,000, factory utilities, $20,000; and jobs worked on in April follow. Indirect labor, ned overhead rate is 50% of direct labor cost Job 306 is sold for $655,000 cash in April. Costs of the three nin Balances on Narch 31 27,000 38,000 25,000 12,500 17,000 8,500 Applied 137,000205,000 15,000 101,000 Di Applied overhead status on April 30 labor 153, 000 103,000 (sold) (unsold) process Compute gross profit for April. (oold) (unsold) process 41 Compute gross profit for April. Gross Profit 4.2 Show how to present the inventories on the April 30 balance sheet. Raw materials Work in process Finished goods Total inventories 0 20