Required Information Problem 02-1A 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 $88,000. Raw materials purchases in April are $540,000, and factory Dayroll cost in April is $376,000. Overhead costs incurred in April are: Indirect materials. $60.000Indirect labor $22,000, factory rent, $39,000; factory utilities, $23.000, and factory equipment depreciation. $61.000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $645,000 cash in April. Costs of the three Jobs worked on in April follow Job 307 Job 388 Job 386 - $ 26,eee 23,eee 11,5ee $ 39, eee 16,eee 8 ,eee Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 139, eee 1e2,eee 200,00 151, eee Sies, eee 101, eee Finished (sold) Finished (uncola in process Problem 02-1A Part 1 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). Job 306 Job 307 Job 308 April Total From March Dired Material Die Labor Applied overhead s 39.000 26.000 23.000 11.500 16.000 65.000 8.000 39 000 19.500 Beginning goods in process For April Direct Materials Dired Labor Applied overhead Total costs added in April 139.000 102.000 200.000 151.000 444 000 354 000 241,000 Total costs (April 30) 351,000 206.000 Status on April 30 Apel 30 cost included in Finished (sold) Finished (unsold)