question. Chapter Saved Help Say Required information The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $389,000. Overhead costs incurred in April are: Indirect materials, $57,000: Indirect labor, $28,000; factory rent. $38.000; factory utilities, $22,000; and factory equipment depreciation, $55,000. 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 Balances on March 31 Direct materials $ 30,000 $ 43,000 Direct labor 25,000 14,000 Applied overhead 12,500 7.000 Costs during April 238,005 210,000 $115,000 Direct labor 104,000 154,000 103,000 Applied overhead Finished Status on April 30 (sold) (unsold) Direct materials Finished 7 In process Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). 3:11 Job 306 Job 307 Job 308 April Total $ $ $ 30,000 25,000 12,500 43,000 14,000 7,000 73,000 39,000 19,500 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost induded in 138,000 104.000 210,000 154,000 115.000 103,000 463,000 361,000 Finished (sold) Finished (unsold) In process