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Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April...

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Accounting

Marcelino Co $.'$ s March $31$ inventory of raw materials is $ $84, 000 .$ Raw materials purchases in April are $ $530, 000,$ and factory payroll cost in April is $ $378, 000 .$ Overhead costs incurred in April are: indirect materials, $ $56, 000$ ; indirect labor, $ $20, 000$ ; factory rent, $ $39, 000$ ; factory utilities, $ $20, 000$ ; and factory equipment depreciation, $ $59, 000 .$ 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 $308$

Balances on March $31$

Direct materials $ $30, 000$ $ $44, 000$

Direct labor $23, 000 15, 000$

Applied overhead $11, 500 7, 500$

Costs during April

Direct materials $137, 000 215, 000$ $ $105, 000$

Direct labor $101, 000 154, 000 103, 000$

Applied overhead $? ? ?$

Status on April $30$ Finished $($ sold $)$ Finished $($ unsold $)$ In process

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 $31) .$

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