4 Book Beferences 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] Lamonda Corporation uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts below The following transactions occurred during April a. Purchased materials on account at a cost of $233.270 b. Requisitioned materials at a cost of $110,300, of which $15,000 was for general factory use. c. Recorded unpaid factory labor of $225,200, of which $42,175 was indirect. d. Incurred other costs Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation. $ 34,600 23,800 50,650 12,000 20,500 e. Applied overhead at a rate equal to 144 percent of direct labor cost f Completed jobs costing $263,550 9. Sold jobs costing $324,070. h. Recorded sales revenue (on account) of $515,000. Required: 1. & 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. 3-a. Compute over- or underapplied manufacturing overhead. 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? 4. Prepare Lamonda's cost of goods manufactured report for April 5. Prepare Lamondia's April income statement include any adjustment to Cost of Goods Sold needed to dispose of over- or underapplied manufacturing overhead Complete this question by entering your answers in the tabs below. 3 points eflock Ron Required: 1. & 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. 3-a. Compute over- or underapplied manufacturing overhead. 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? 4. Prepare Lamonda's cost of goods manufactured report for April. 5. Prepare Lamonda's April income statement Include any adjustment to Cost of Goods Sold needed to dispose of over-or underapplied manufacturing overhead Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3a Req 3b Req 4 Req 5 Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over- or underapplied manufacturing overhead. Note: Round your answers to 2 decimal places. Cost of Goods Sold a LAMONDA CORPORATION Income Statement For the Month of April 125,000.00 263,550.00 Unadjusted Cost of Goods Sold 324,070.00 Adjusted Cost of Goods Sold