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. (6) Requisitioned materials 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 Factory 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. (n) 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? Colmar Ragnle Tab Window Halo MULLIVAT Factory rent Factory depreciation 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 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.) dispose of 5. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed 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 Req 3a Req 3b Req4 Reqs Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Post each transac Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Post each transac Round your answers to 2 decimal places.) Raw Materials Inventory 28,900.00 Work in Process Inventory 19,300.00 Beg. Bal. Beg. Bal End. Bal. End. Bal Manufacturing Overhead Finished Goods Inventory 124,900.00 Bog. Bal Bog. Bal. End. Bal. End. Bal. Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal. End. Bal. End, Bal Nonmanufacturing Expenses Beg. Bal. End. Bal. Reg 1 and 2 Req 3a > 3-5. 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 3b Reg 4 Req 5 Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.). 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. (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 Req 3a Reg 36 Reg 4 Reg 5 If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold, will cost of Goods Sold increa or decrease? Increase Decrease Reg 3a Req4 > Reg 1 and 2 Reg a 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 Beginning Raw Materials Inventory Direct Labor Manufacturing Overhead Applied Total Current Manufacturing Costs Cost of Goods Manufactured Complete this question by entering your answers in the tabs below. 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 Beginning Raw Materials Inventory Direct Labor Manufacturing Overhead Applied 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 Less: Beginning Work in Process Inventory Plus: Beginning Work in Process Inventory 3b Reg 5 > Req 1 and 2 Reg 3a Req3b Reg 4 Reg 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.) LAMONDA CORP Income Statement For the Month of April Cost of Gooxis Sold Beginning Finished Goods Inventory Direct Labor Manufacturing Overhead Net Income (Loss) from Operations
