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. Marcelino Co's March 31 inventory of raw materials is $83,000, 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, $55,000; indirect labor, $27000; factory rent, $39,000 factory utilities, $20,000:; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April. Costs of the three jobs worked on in Apri follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor Applied overhead 30,000 21,000 10,500 $ 38,000 8,000 9,000 Costs during April Direct materials Direct labor Applied overheed 136,000 102,000 210,000 100,000 102,000 154,000 Status on April 30 Finished (sold) Finished (unsold) In process Section Break Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4