Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Additional Information Direct materials used Direct labor used Overhead applied Status on April 30 Problem 15-2A (Static) Part 5 Req 5A $ 29,000 20,000 10,000 a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. Gross profit 135,000 85,000 ? Finished (sold) Req 5B Compute gross profit for April. $ 35,000 18,000 9,000 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. 220,000 150,000 ? Finished (unsold) $ 100,000 105,000 ? In process