The following information applies to the questions displayed bewow Marcelino Co.s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $364,000. Overhead costs incurred in April are: indirect materials, $56,000: Indirect labor, $22.000, factory rent, $31,000; factory utities, $20,000; and factory equipment depreciation, $58,000 The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor $ 31000 39,000 24,000 12,000 17,000 8,500 Applied overhead Costs during April Direct materials Direct labor Applied overhead 31000 205,000 120000 103,000 55,000 03.000 Status on April 30 Finished (sold) Finished (unso1 In process 10.00 points 1. Determine the total of each production cost incurred for Apri (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31) From March Direct Materials Direct Labor Applied overhead 31.000 24,000 12,000 67,000 $ 39,000 17,000 8,500 64,500 70,000 41,000 20,500 131,500 Beginning goods in process For Apri Direct Materials 131,000 205,000 120,000 456,000 361,000 Direct Labor 103.000 155,000 103,000 Applied overhead Total costs added in Aprii Total costs (Apri 30) Status on April 30 April 30 cost included in: 234,000 301,000 360,000 223,000 817,000 424.500 223,000948 500 Finished (sold) Finished (unsolk) In process 10.00 points a. Materials purchases (on credit) b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory d. Indirect labor paid and assigned to Factory Overhead e. Overhead costs applied to Work in Process Inventory f. Actual overhead costs incurred, including indirect materials. (Factory rent and udlises are paid in Transfer of Jobs 306 and 307 to Finished Goods Inventory cash) g. h. Cost of goods sold for Job 306 i. Revenue from the sale of Job 306 j. Assignment of any underapplied or overapplied overhead to the amount is not material.) Cost of Goods Sold account.(The 2. Prepare journal entries for the month of April to record the above transactions Factory overhead Raw materials inventory f(2) Factory overhead Cash 3)Factory overhead 4)Factory overhead Work in process inventory Cost of goods sold Finished goods inventory Sales / 13 Cost of goods sold Factory overhead