Problem 19-1A Production costs computed and recorded; reports prepared L IThe following information applies to the questions displayed below Marcelino Co's March 31 Inventory of raw materials is $87000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $366,000 Overhead costs incurred in Aprii are: indirect materials, $59.000, indirect labor $25,000: factory rent, $31,000, factory utilities, $20,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 sold for $660,000 cash In Apri. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor Applied overhead s 31000 24,000 12,000 $44.000 14,000 7,000 Costs during Apr Direct materials Direct labor Applied overhead 134,000 104,000 215.000 150,000 115.000 101,000 Status on Apni 30 Finished (sold) Finished (unsold) in process References Section Break Problem 19-1A Production costs and recorded; reports prepared LO C2, P1 P2. P3. P4 100 points