Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P The following information applies to the questions displayed below Marcelino Co's March 31 inventory of raw materials is $82,000. Raw materials purchases in $510,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $56,000; indirec equipment depreciation, $57,000. The predetermined over sold for $645,000 cash in April. Costs of the three jobs worked on in April follow. t labor, $21,000; factory rent, $39,000; factory utilities, $22,000; and factory head rate is 50% of direct labor cost Job 306 is Job 306 Job 307 Balances on March 31 Direct materials Direct labor Applied overhead $ 28,000 23,000 11,500 $ 37,000 18,000 9,000 Costs during April 131,000 104.000 215,000 154,000 $105,000 105,000 Direct materials Direct labor Applied overhead Status on April 30 Finished (sold) Finished (unsold) In process References Problem 15-1A Production corts computed and recorded reports prepared LO C2. P1, P2. Section Break