Check my we Required information Problem 15-1A 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 $87,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $386,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $29,000; factory rent, $40,000; factory utilities, $22,000, and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 31,000 24,000 12,000 $ 38,000 15,000 7,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead 215,000 154,000 $105,000 101,000 132,000 102,000 ? Finished s old) (Hold) Status on April 30 Finished (unsold) (unsold) In process 4 5 6 7 of 7 Next > omework Help Save & Exit Subr Check my wort Required information 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 $ 38.000 31,000 24,000 12,000 15,000 7,500 69,000 39,000 19.500 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 452.000 132,000 102,000 215.000 154,000 105,000 101.000 357.000 234,000 369.000 205,000 809,000 Total costs (April 30) Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included in: