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 $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; iIndirect labor $23,000; factory rent, $32,000; factory utilities. $19,000: and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635.000 cash in April. Costs of the three jobs worked on in April follow. Balances on March 31 Direct materials birect labor Applied overhead s 29, 000 20,000 10,000 s 35,000 18,000 9, 000 ences Costs during April Direct materials Direct labor 135,000220,000100, 000 85,000 150,000105, 000 Applied overhead Finished inshedI status on April 30 (unsold) lproceas Problem 15-1A Part 2 o. Materials purchases (on credit) b. Direct materials used in production. 9 10 11 of 11 Next >