[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 31 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 Additional Information Req 5A a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is Req 5B $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. Complete this question by entering your answers in the tabs below. Inventories Raw materials Work in process Finished goods Total inventories 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Job 306 $ 29,000 20,000 10,000 $ 135,000 85,000 ? Finished (sold) Show how the three inventory accounts are reported on the April 30 balance sheet. 0 < Prev < Req 5A Job 307 $ 35,000 18,000 9,000 S 4 220,000 150,000 ? Finished (unsold) of 50 www - www Job 308 100,000 105,000 ? In process Req 58 > Next >