what is fhe gross profit?

8 Part 4 of 4 pints Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co's March 31 Inventory of raw materials is $82,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $385.000 Overhead costs incurred in April are: indirect materials, $53,000; Indirect lobor, $25,000; factory rent, $40,000, factory utilities, $20.000: and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April, Costs of the three jobs worked on in April follow, Job 306 Job 302 Job 300 Balances on March 31 Direct materials $ 26,000 $ 43,000 Direct labor 22,000 Applied overhead 11.000 9.500 Coata during April Direct materials 135.000 200,000 $115,000 Direct labor 102.000 155,000 105,000 Applied overhead 17 2 status on April 30 Pinabed Finished (old) (uneold) ebook 19.000 References In proces B Problem 02-1A Part 4 of 4 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. ok Required 4A Required 4B nces Compute gross profit for April. Gross profit Job 307 Job 308 Job 306 April Total $ $ 28,000 22,000 11,000 59.000 43,000 19,000 9,500 71,500 S69.000 41.000 20,500 0 $ $ 130,500 $ $ From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Boo ferences 135,000 102.000 51,000 288,000 200,000 155.000 77,500 432,500 115,000 103,000 51,500 269,500 450,000 360,000 180.000 990,000 $ 1,120,500 $ 347,000 Total costs (April 30) $ 504,000 $ 269,500 Status on April 30 April 30 cost included in Finished (sold) Cost of goods sold Finished (unsold) Finished goods inventory In process Work in process inventory