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Problem 02-1A 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 $88,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $25,000; factory rent, $40,000; factory utilities, $19,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $630,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 30,000 24,000 12,000 $ 41,000 18,000 9,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 135,000 103,000 ? Finished (sold) 220,000 155,000 ? Finished (unsold) $120,000 101,000 ? In process 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials Direct Labor 30,000 24,000 12,000 41,000 18,000 9,000 $ 71,000 42,000 21,000 Applied overhead Beginning goods in process For April 0 Direct Materials 220,000 120,000 475,000 135,000 103,000 Direct Labor 155,000 101,000 359,000 Applied overhead 0 Total costs added in April 238,000 375,000 221,000 834,000 Total costs (April 30) $ 0 Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included in

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