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 payroll cost in April is $376,000. Overhead costs incurred in April are: Indirect materials, $60,000. Indirect 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 395 Job 3e7 Job 3es $ 26,eee 23,eee 11,5ee $ 39, 16.ee 8,eee Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 3e 139, eee 102, 200,000 151,000 $1es,eee 1e1,000 Finished (sold) Finished (unsold) In process Problem 02-1A Part 4 4-6. Compute gross profit for April 4.b. Show how to present the inventories on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Required 4A Required 48 show how to present the inventories on the April 30 balance sheet Raw materials Work in POCOSS Finished goods Total inventories