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 direct labor cost. Job 306 is sold for $635,000 cash in April Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 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 In (sold) (unsold) process Problem 19-1A Part 1 Problem 19-1A 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) Job 306 Job 307 Job 308 April Total S $ 27.000 20,000 10,000 36,000 17,000 8.500 $ 63,000 37,000 18,500 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April 131,000 101.000 210,000 153,000 115,000 104,000 450,000 358 000 Total costs (April 30) Status on April 30 April 30 cost included in Finished (sold) Finished unsold In process