Required information Problem 19-1A 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 $85,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $386,000. Overhead costs incurred in April are: indirect materials, $56,000, indirect labor, $29,000; factory rent, $31,000; factory utilities, $23,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ $ 26,000 20,00 10,000 40,000 19,000 9,500 - Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 132,000 104,000 220,000 150,000 $100,000 103,000 In Finished (sold) Finished (unsold) process Problem 19-1A Part 4 : 4.1 Compute gross profit for April