Problem $15-2$A $($Static$)$ Computing and recording job costs; preparing schedule of cost of goods manufactured LO P$1,$ P$2,$ P$3,$ P$4$

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$[$The following information applies to the questions displayed below.$]$

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Marco Company shows the following costs for three jobs worked on in April.

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$$Job $306$Job $307$Job $308$Balances on March $31$Direct materials used $($in March$)$$ $29,000$$ $35,000$Direct labor used $($in March$)20,00018,000$Overhead applied $($March$)10,0009,000$Costs during April$$Direct materials used$135,000220,000$$ $100,000$Direct labor used$85,000150,000105,000$Overhead applied???Status on April $30$Finished $($sold$)$Finished $($unsold$)$In process

Additional Information$$

Raw Materials Inventory has a March $31$ balance of $$80,000.$

Raw materials purchases in April are $$500,000,$ and total factory payroll cost in April is $$363,000.$

Actual overhead costs incurred in April are indirect materials, $$50,000$; indirect labor, $$23,000$; factory rent, $$32,000$; factory utilities, $$19,000$; and factory equipment depreciation, $$51,000.$

Predetermined overhead rate is $50\%$ of direct labor cost.

Job $306$ is sold for $$635,000$ cash in April.

Problem $15-2$A $($Static$)$ Part $5$

$5-$a$.$ Compute gross profit for April.

$5-$b$.$ Show how the three inventory accounts are reported on the April $30$ balance sheet.