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c. Recorded unpaid factory labour of $155,000, of which $24,000 was indirect. d. Incurrad othar macts' e. Applied overhead at a rate equal to 135
c. Recorded unpaid factory labour of $155,000, of which $24,000 was indirect. d. Incurrad othar macts' e. Applied overhead at a rate equal to 135 percent of direct labor cost. f. 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 Jand compute the balance in the accounts at the end of April. 3-t. 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. LAMONDA CORPORATION Cost of Goods Manufactured Report For the Month of April \begin{tabular}{|l|l|} \hline Beginning Raw Materials Inventory \\ \hline Plus: Raw Material Purchases \\ \hline Less: Indirect Materials & \\ \hline Less: Ending Raw Materials Inventory & \\ \hline Direct Materials Used & \\ \hline Direct Labor \\ \hline & \\ \hline Total Current Manufacturing Costs \\ \hline Plus: Beginning Work in Process Inventory \\ \hline I sec Fndinn IMark in Drnrece Invantnn & \\ \hline \end{tabular} - You received partial credit in the previous attempt. 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. You received partial credit in the previous attempt. Silinitied 2.8718 Total points awarded You received partial credit in the previous attempt
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