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 Aprilare: Indirect materials, $60,000, Indirect labor, $22,000 factory rent, $39.000; factory utilities. $23.000, and factory equipment depreciation, 561,000. 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 306 306 307 3ob3es $ 26,000 23,000 11,5ee $39,000 16,000 8,000 Balances on March 31 Direct materials Direct labor Applied overhead costs during April Direct materials Direct labor Applied overhead Status on April be 139,000 102,000 200, 151,000 $105,000 101, Finished (sold) Finished (unsold) In process Problem 02-1A Part 3 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Tot of work process Coul of goods manufactured