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 $87000. Raw materials purchases in April are $550.000, and factory payroll cost in April is $389.000. Overhead costs incurred in April are indirect materials, $56.000; indirect labor $30.000 factory rent, $34,000 factory utilities. $19,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $680,000 cash in April. Costs of the three jobs worked on in Apre follow 700 306 306 307 Job 303 $ 28,000 23,000 11,500 $ 40,000 15.000 7.500 balances on March 31 Direct materials Direct lobor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 112.000 301,000 220,000 354,200 5805.000 104,900 nished (solo) Band Cunsold) In orocess Problem 15.1A Part 2 c. Most is purchases on credit b. Direct materials used in production c. Direct labor paid and assigned to work in Process Inventory dindirect obor paid and ossigned to Factory Overhead Overhead costs applied to work in process inventory Actual overhead costs incurred, incuding indirect materials Factory rent and utilities are bold cash of Jos 30 and 307 to find soods inventory Cost of goods sold for Job 300 1. Revenue from the sale of Job 306 1. Assomentar underappler varapoved to the Cost of Good Sold account (he amount om