Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31...

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Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $380,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $23,000; factory rent, $35,000; factory utilities, $20,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $645,000 cash in April. Costs f the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 29,000 $ 36,000 20,000 16,000 10,000 8,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April materials Direct labor Applied overhead Status on April 30 Direct 139,000 220,000 $110,000 103,000 153,000 101,000 ? ? 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). Job 306 Job 307 Job 308 April Total $ $ $ 29,000 20.000 10,000 36,000 16,000 8,000 65,000 36,000 18,000 $ 0 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) 139,000 103,000 220,000 153,000 110,000 101,000 469,000 357,000 0 242,000 373,000 211,000 826,000 $ 0 Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included in

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