a. Purchased materials on account at a cost of $136,000. b. Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. c. Recorded unpaid factory labour of $155,000, of which $24,000 was indirect. d. Incurred other costs Selling expense Factory utilities Adeinistrative expenses Factory rent Factory depreciation $44,000 26,000 15,000 30,000 24,000 e Applied overhead at a rate equal to 135 percent of direct labor cost. Completed jobs costing $375,000 g. Sold jobs costing $402.000. h. Recorded sales revenue (on account) of $500,000 Required: 1&2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. 3-e. 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 3a1 Req 3b Req 41 Reg 51 Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. Note: Post each transaction (d) cost separately, Raw Materials Inventory Work in Process Inventory Debit Credit Debit Credit Beginning Balance 25,000 Beginning Balance 55,000 Ending Balance Ending Balance + Finished Goods Inventory Manufacturing Overhead Debit Credit Debit Credit Beginning Balance 60,000 Beginning Balance Ending Balance Ending Balance Cost of Goods Sold Sales Revenue Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Nonmanufacturing Expenses Debit Credit Beginning Balance Ending Balance Ending Balance Req 3a > 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. ces Req 1 and 2 Req 3a Req 3b Req 4 Req 5 Compute over or underapplied manufacturing overhead. Manufacturing Overhead 4 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. Reg 1 and 21 Req Ja Req 36 Req 4 Req S If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold, will Cost of Goods Sold increase or decrease? We Cost of Goods Sold incroine or decrease? Req 1 and 2 Req 3a Req 3b Req 4 Req 5 Prepare Lamonda's cost of goods manufactured report for April. LAMONDA CORPORATION Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs Cost of Goods Manufactured < Req 3b Req 5 > Cost of Goods Sold LAMONDA CORPORATION Income Statement For the Month of April Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Net Income (Loss) from Operations