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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

Help, and it would really help me if you could explain what you plugged in to get the answers. Thanks

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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 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 Pectory 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. in Completed jobs costing $263,150. (9) 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 i the accounts at the end of April. (Post each transaction (d) cos ately. Round your answers to 2 decimal places.) 3-a. Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Goods Sold, will Cost of Goods 3-b. If the balance in the Manufacturing Overhead account is closed directly to Cost Sold increase or decrease? Factory rent Factory depreciation 11,500 19,200 (e) Applied overhead at a rate equal to 131 percent of direct labor cost. (n) Completed jobs costing $263,150. (9) 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? 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. Reg 1 and 2 Reg 3a Req3b Reg 4 Regs Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Post each transat Round vour answers to 2 decimal places.) Reg 1 and 2 Rea 3 Reg 3b Reg 4 Reg 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. 28,900.00 (a) (b) 19,300.00 (c) Finished Goods Inventory 124,900.00 (d) Manufacturing Overhead Beg. Bal End. Bal 124,900.00 Erid. Bal. 0.00 Manufacturing Overhead Finished Goods Inventory 124,900.00 Beg. Bal. Beg. Bal End. Bal 124,900.00 End. Bal. 0.00 Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal. End, Bal 0.00 End. Bal. 0.00 Nonmanufacturing Expenses Beg. Bal. End. Bal. 0.00

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