Required information Problem 15-1A 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 $90,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $375,000 Overhead costs incurred in April are Indirect materials $55.000, indirect labor, $20.000; factory rent, $36,000 factory utilities, $20,000, and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow. Job 386 Job 307 306 308 Balances on March 31 Direct materials $ 27,000 $ 35,680 Direct labor 20,000 13,00 Applied overhead 10,000 6,500 Costs during April Direct materials 132,000 215,000 $110,000 Direct labor 101,000 153,000 101, see Applied overhead Finished Status on April 30 Finished (sold) (unsold) In process 2 Problem 15-1A Part 3 Activate Window Homework Saved -- (sold) (unsold) Problem 15-1A Part 3 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 5 Total manufacturing costs Total cost of work in process Cost of goods manufactured S