[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 $550,000, and factory payroll cost in April is $387,000. Overhead costs incurred in April are: indirect materials, $59,000; indirect labor, $29,000; factory rent, $33,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 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 $ 26,000 24,000 12,000 $ 37000 15,000 7,500 Costs during April Direct materials Direct labor Applied overhead 132,000 102,000 215,000 151,000 $115,000 105,000 Status on April 30 Finished (sold) Finished (unsold) In process References