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Check m 11 PA2-1 (Algo) Recording Manufacturing and Nonmanufacturing Costs, Preparing the Cost of Goods Manufactured Report and Income Statement [LO 2-3, 2-4, 2-5, 2-6] 5 points Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts below: Skipped The following transactions occurred during April: eBook (a) Purchased materials on account at a cost of $233,070. (b) Requisitioned materials at a cost of $112,300, of which $16,500 was for general factory use. (c) Recorded factory labor of $225,400, of which $42,275 was indirect. (d) Incurred other costs: Print References Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $34, 300 23,400 50,850 10,700 19, 100 (e) Applied overhead at a rate equal to 141 percent of direct labor cost. (1) Completed jobs costing $263,450. (g) Sold jobs costing $322,870. (n) Recorded sales revenue of $516,000. Required: 1. & 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Post each transaction (d) cost separately. Round your answers to 2 decimal places.) 3-a. Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) 3-b. If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold, will Cost of Goods Sold increase or decrease? Check my work 11 4. Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) 5. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over-or underapplied manufacturing overhead. (Round your answers to 2 decimal places.) 5 points Complete this question by entering your answers in the tabs below. Skipped eBook Req 1 and 2 Req 3a Reg 3b Reg 4 Req5 Print Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Post each transaction (d) cost separately. Round your answers to 2 decimal places.) References Raw Materials Inventory Work in Process Inventory Beg. Bal. 28,500.00 19,700.00 233,070.00 112,300.00 (b) Beg. Bal. (b) (c) End. Bal. 149,270.00 (e) End. Bal. 19,700.00 Finished Goods Inventory Manufacturing Overhead Beg. Bal. 124,700.00 Beg. Bal. End. Bal. 124.700.00 11 Manufacturing Overhead Finished Goods Inventory 124,700.00 Beg. Bal. Beg. Bal. 5 points End. Bal. 124,700.00 Skipped eBook End. Bal. 0.00 Print References Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal. End. Bal. 0.00 End. Bal. 0.00 Nonmanufacturing Expenses Beg. Bal. End. Bal. 0.00 11 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req Req 3b Reg 4 Req 5 5 points Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) Skipped eBook Print References LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Materials Less: Ending Raw Materials Inventory Direct Materials Used Direct Labor Manufacturing Overhead Applied $ 0.00 Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured 11 Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req 3a Req 3b Req 4 Req 5 5 points Skipped Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over- or underapplied manufacturing overhead. (Round your answers to 2 decimal places.) eBook LAMONDA CORP. Income Statement For the Month of April Print References Cost of Goods Sold Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Net Income (Loss) from Operations