[The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Balances on March 311 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Job 306 Job 307 Job 308 $ 31,000 $ 45,000 24,000 14,000 12,000 7,000 135,000 205,000 $ 105,000 7 105,000 153,000 Finished Finished (sold) (unsold) 102,000 In process Additional Information a. Raw Materials Inventory has a March 31 balance of $85,000. b. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $385,000. c. Actual overhead costs incurred in April are indirect materials, $59,000; indirect labor, $25,000; factory rent, $33,000; factory utilities, $24,000; and factory equipment depreciation, $57,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $695,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30. 5 4. Prepare a schedule of cost of goods manufactured for the month end Aplil 30. Answer is complete but not entirely correct. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used Direct labor Factory overhead applied Total manufacturing costs Add: Work in process inventory, beginning $ 451,000 ( 360,000 179,500 990,500 120,000 Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured 1,110,500 271,000 $ 839,500