Chapter 15 Homework i Saved Help Save & Exlt Submit 10 Check my work 12 Part 4 of 4 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.] 0.31 points Marcelino Co.'s March 31 Inventory of raw materials is $80,000. Raw materials purchases in April are $580,000, and factory payroll cost In April is $386,000. Overhead costs incurred in April are: Indirect materials, $50,000; Indirect labor, $28,000; factory rent, $30,000; factory utilities, $24,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $690,000 cash In April. Costs of the three jobs worked on In April follow. eBook Job 306 Job 307 Job 388 Ask $ 28,000 22, eee 11, eee $ 39, eee 13, eee 6,500 Print Balances on March 31 Direct materials Direct labor Applied overhead costs during April Direct materials Direct labor Applied overhead status on April 30 210, eee 150,000 $185, eee 104,880 134,000 104, ? Finished (sold) References Finished (unsold) In process Problem 15-1A Part 4 4.1 Compute gross profit for April. Gross Profit