Required information Problem 15-1A 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 $81000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $57000, indirect labor, $22,000 factory rent, $37,000, factory utilities, $20,000; and factory equipment depreciation, $59,000. 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 Balance on March 31 Direct materialss 31,000 44, 000 Direct labor Applied overhead 20, 000 10,000 18, 000 9,000 Costs during April Direct materials 131,000 205, 000 6110,000 Direct labor 105, 000 153, 00D 104, 000 Applied overhead Status on April 30 inin Finiahe (unsold) (sold) process Problem 15-1A Part 2 a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory d. Indirect labor paid and assigned to Factory Overhead e. Overhead costs applied to Work in Process Inventory f. Actual overhead costs incurred, including indirect materials. (Factory rent and utlities are paid in cash ) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306. i. Revenue from the sale of Job 306 6 78 of 12Next