Question: Steps for Saved 1 Required information [ The following information applies to the questions displayed below. ] Marcelino Co . ' s March 3 1

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Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $29,000; factory rent, $37,000; factory utilities, $22,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $660,000 cash in April. Costs of the three jobs worked on in April follow.
\table[[,Job 306,Job 307,Job 308],[Balances on March 31],[Direct materials,.$30,000,$40,000,],[Direct labor,21,000,16,000,],[Applied overhead,10,500,8,000,],[Costs during April],[Direct materials,131,000,215,000,$120,000
the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials

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