Required information Problem 19-1A 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 $82,000 Raw materials purchases in April are $590,000, and factory payroll cost in April is $388,000 Overhead costs incurred in April are indirect materials $60,000 indirect labor. $30,000, factory rent. $34.000 factory utilities, $20,000, and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of clirect labor cost. Job 306 is sold for $635.000 cash in April Costs of the three jobs worked on in April follow Job 306 Balances on March 31 Job 307 Job 308 Direct materials $ 27,000 36,000 Direct labor 20,000 17,000 Applied overhead 10,000 8,500 Costs during April Direct materials 131,000 210,000 $115,000 Direct labor 101,000 153,000 104,000 Applied overhead Status on April 30 Finished Finished (sold) (unsold) process In Problem 19-1A Part 4 4-a. Compute gross profit for April 4-b. Show how to present the inventories on the April 30 balance sheet. es Complete this question by entering your answers in the tabs below. Required 4A Required 4B Compute gross profit for April Gross profit Regina Required 4B > Problem 19-1A Part 4 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Required 4A Required 4B Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories Required 4A