Problem 2-1A 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 $06.000 Raw materials purchases in April are $550,000. and factory payroll cost in April is $382.000. Overhead costs incurred in April ere: indirect materials, $57000, indirect labor $24.000, factory rent $35.000, factory utilities, $21,000, and factory equipment depreciation, $57,000. The predetermined overheed rete is 50% of direct lebor cost. Job 306 is sold for $670.000 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 Direct labor Applied overhead Costs during Apri Direct materials Direct labor Applied overhead $ 31000 $ 39000 18,000 9000 21.000 10500 132.000 101.000 210000 155000 $120.000 102.000 Finished (unsold) Status on April 30 Finished (sold in process