Problem 19-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $387,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $27,000; factory rent, $35,000; factory utilities, $21,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 30,000 24,000 12,000 $ 41.000 13,000 6,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 220,000 155,000 134,000 103,000 2 Finished (sold) $115,000 102,000 2 In process Finished (unsold) Job 306 Job 307 Job 308 April Total $ $ 30,000 24,000 12,000 41,000 13,000 6,500 S71 000 37.000 18,500 $ 0 From March Direct Matenals Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April 134 000 103.000 220.000 155,000 115,000 102.000 459.000 380,000 0 829.000 237,000 375.000 217.000 $ Total costs Apnl 30) Status on April 30 April 30 cost included in Finished (sold) Finished (ur sold In process Journal entry worksheet