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 $83,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: indirect materials, $56.000 indirect labor. $20,000; factory rent, $36.000; factory utilities, $24,000, and factory equipment depreciation. $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $660,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 25,000 24,000 12,000 $ 39,000 15,000 7,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 215,000 153,000 140,000 101,000 ? Finished (sold) $110,000 104,000 ? In process Finished (unsold) Problem 15-1A 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). 3:30 Job 306 Job 307 Job 308 From March Apel Total Direct Materials S 25.000 $ 39.000 24 000 $ 64.000 39,000 15.000 Direct Labor Applied overhead Beginning goods in process For April 12,000 7,500 19 500 Direct Materials 110,000 140,000 101,000 Direct Labor 215,000 153,000 465 000 358,000 104,000 Applied overhead Total costs added in April Total costs (April 30) Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included in