ework Saved Help Save & Exit Submit Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $27,000; factory rent, $38,000; factory utilities, $24,000; and factory equipment depreciation, $56,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 30,000 21,000 10,500 $ 38,000 19,000 9,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 135,000 104,000 2 Finished (sold) 200,000 151,000 2 Finished (unsold) $ 105,000 102tboo ? ID process 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. 4-b. Show how to present the inventories on the Apri sheet. Complete this question by entering your answers Required 4A Required 4B Show how to present the inventories on the April 30 bala Inventories Raw materials Work in process Finished goods Total inventories $ 0 W P