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Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are indirect materials, $53,000, indirect labor, $27.000; factory rent, $36,000; factory utilities, $22,000, and factory equipment depreciation, $52,000. 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 386 Job 307 Job 388 $ 28,000 24,000 12,000 $ 43,000 13,000 6,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 131,000 103,000 200,000 151,600 $110.000 101,600 Finished (sold) Finished (unsold) In process Problem 15-1A 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 308 April Total 28 000 3.000 $ 71,000 37000 24 000 13 000 12 000 6 500 13 500 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 Total costs (April 30) Status on April 30 April 30 cost included in 131 000 200 000 141 000 110,000 101 000 103.000 151000 355.000 Finished sold) Finished unsold)

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