Help, and it would really help me if you could explain what you plugged in to get the answers. Thanks
Lamonda Corp. 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 materlals at a cost of $110,300, of which $16,500 was for general factory use. (c) Recorded factory labor of $223,800, of which $42,575 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Pactory rent Factory depreciation $34,500 24,000 51,450 11,500 19,200 (e) Applied overhead at a rate equal to 131 percent of direct labor cost. (f) Completed jobs costing $263,150. (g) Sold jobs costing $323,470. (h) Recorded sales revenue of $504,000. 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? Factory depreciation 19,200 (e) Applied overhead at a rate equal to 131 percent of direct labor cost. (0) Completed jobs costing $263,150. (g) Sold jobs costing $323,470. (h) Recorded sales revenue of $504,000. Required: 1. & 2. Post the April transactions to the T-accounts and compute 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? 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.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3a Req 35 Rea 4 Req5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) Reg 1 and 2 Reg 3a Reg 3 Reg 1 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs $ 0.00 Cost of Goods Manufactured Reg 1 and 2 Reg 3a Reg 36 Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Beginning Raw Materials Inventory Direct Labor Manufacturing Overhead Applied Total Current Manufacturing Costs $ 0.00 Cost of Goods Manulactured Reg 1 and 2 Reg 3a Reg 36 Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Less: Raw Material Purchases Plus: Raw Material Purchases Total Current Manufacturing Costs $ 0.00 Cost of Goods Manulactured Req 1 and 2 Reg 3a Reg 36 Reg 4 Regs Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Less: Indirect Materials Plus: Indirect Materials Total Current Manufacturing Costs $ 0.00 Cost of Goods Manulactured Reg 1 and 2 Reg 3 Reg 3b Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Less: Ending Raw Materials Inventory Plus: Ending Raw Materials Inventory $ 0.00 Cost of Goods Manulacture Req 1 and 2 Req 3a Reg 3b Reg 4 Regs Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Beginning Raw Materials Inventory $ 0.00 Direct Labor Manufacturing Overhead Applied Reg 1 and 2 Reg 3a Reg 3b Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs $ 0.00 Less: Beginning Work in Process Inventory Plus: Beginning Work in Process Inventory 19 3b Req5 > Req 1 and 2 Reg 3a Reg 3b Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs $ 0.00 Reg 3b Req5 > Less: Ending Work in Process Inventory Plus: Ending Work in Process Inventory Lamonda Corp. 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 materlals at a cost of $110,300, of which $16,500 was for general factory use. (c) Recorded factory labor of $223,800, of which $42,575 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Pactory rent Factory depreciation $34,500 24,000 51,450 11,500 19,200 (e) Applied overhead at a rate equal to 131 percent of direct labor cost. (f) Completed jobs costing $263,150. (g) Sold jobs costing $323,470. (h) Recorded sales revenue of $504,000. 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? Factory depreciation 19,200 (e) Applied overhead at a rate equal to 131 percent of direct labor cost. (0) Completed jobs costing $263,150. (g) Sold jobs costing $323,470. (h) Recorded sales revenue of $504,000. Required: 1. & 2. Post the April transactions to the T-accounts and compute 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? 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.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3a Req 35 Rea 4 Req5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) Reg 1 and 2 Reg 3a Reg 3 Reg 1 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs $ 0.00 Cost of Goods Manufactured Reg 1 and 2 Reg 3a Reg 36 Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Beginning Raw Materials Inventory Direct Labor Manufacturing Overhead Applied Total Current Manufacturing Costs $ 0.00 Cost of Goods Manulactured Reg 1 and 2 Reg 3a Reg 36 Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Less: Raw Material Purchases Plus: Raw Material Purchases Total Current Manufacturing Costs $ 0.00 Cost of Goods Manulactured Req 1 and 2 Reg 3a Reg 36 Reg 4 Regs Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Less: Indirect Materials Plus: Indirect Materials Total Current Manufacturing Costs $ 0.00 Cost of Goods Manulactured Reg 1 and 2 Reg 3 Reg 3b Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Less: Ending Raw Materials Inventory Plus: Ending Raw Materials Inventory $ 0.00 Cost of Goods Manulacture Req 1 and 2 Req 3a Reg 3b Reg 4 Regs Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Beginning Raw Materials Inventory $ 0.00 Direct Labor Manufacturing Overhead Applied Reg 1 and 2 Reg 3a Reg 3b Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs $ 0.00 Less: Beginning Work in Process Inventory Plus: Beginning Work in Process Inventory 19 3b Req5 > Req 1 and 2 Reg 3a Reg 3b Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs $ 0.00 Reg 3b Req5 > Less: Ending Work in Process Inventory Plus: Ending Work in Process Inventory
