es Required information Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [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 311 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 301 $ 43,000 15,000 7,500 Job 306 Job 307 Job 308 $ 28,000 23,000 11,500 136,000 100,000 215,000 153,000 $ 115,000 102,000 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $83,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $384,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $29,000; factory rent, $34,000; factory utilities, $25,000; and factory equipment depreciation, $59,000. d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $650,000 cash in April. Problem 2-2A (Algo) Part 5 5-6. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet.