Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 Skip to question [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $377,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $22,000; factory rent, $36,000; factory utilities, $20,000; and factory equipment depreciation, $61,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 30,000 $ 37,000 Direct labor 23,000 14,000 Applied overhead 11,500 7,000 Costs during April Direct materials 134,000 215,000 $ 120,000 Direct labor 102,000 152,000 101,000 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Prepare a schedule of cost of goods manufactured.Prepare a schedule of cost of goods manufactured.