[The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) $ 31,000 23,000 11,500 $ 43,000 19,000 9,500 Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 132,000 104,000 220,000 $ 115,000 152,000 100,000 ? Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $82,000. b. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $386,000. c. Actual overhead costs incurred in April are indirect materials, $57,000; indirect labor, $30,000; factory rent, $32,000; factory utilities, $20,000; and factory equipment depreciation, $52,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $685,000 cash in April. ces 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 March Direct materials $ 31,000 $ Direct labor 23,000 Overhead applied 11,500 Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Job 307 43,000 19,000 9,500 Job 308 132,000 220,000 115,000 104,000 152,000 100,000 236,000 Status on April 30 Finished (sold) April 30 cost included in: 372,000 Finished (unsold) In process April Total $ 0 467,000 356,000 0 215,000 823,000 S 0