Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 (The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $27,000; factory rent, $37,000; factory utilities, $23,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 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 $ 29,000 22,000 11,000 $ 40,000 15,000 7,500 Direct labor Applied overhead Costs during April Direct materials Direct labor 133,000 101,000 205,000 153,000 $115,000 103,000 Applied overhead tinished (unsold) Finished In Status on April 30 (sold) process Problem 15-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 308 April Total Job 306 Job 307 Problem 15-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials 2$ 29,000 24 40,000 69,000 Direct Labor 22,000 15,000 37,000 Applied overhead 11,000 7,500 18,500 Beginning goods in process For April Direct Materials 133,000 205,000 115,000 453,000 Direct Labor 101,000 153,000 103,000 357,000 Applied overhead Total costs added in April 234,000 358,000 218,000 810,000 Total costs (April 30) Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in