Question: required information the following information applies to the questions displayed...
[The following information applies to the questions
Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $59,000; indirect labor, $28,000; factory rent, $33,000; factory utilities, $21,000; 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 306||Job 307||Job 308|
|Balances on March 31|
|Costs during April|
|Status on April 30||Finished (sold)||Finished (unsold)||In process|
4.1 Compute gross profit for April.