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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

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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 $231770 (b) Requisitioned materials at a cost of $111.900, of which $16,600 was for general factory use. Recorded factory labor of $225,500, of which $43,175 was Indirect. (d) incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $ 34,800 23,500 $1,65e 1,700 19, 208 (e) Applied overhead at a rate equal to 126 percent of direct labor cost in Completed jobs costing $263.450. (g) Sold jobs costing $324,170, (h) Recorded sales revenue of $513.000. 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.) 3-6. 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 drecty to cost of Goods Sold, will cost of Goods sold increase or decrease? 4. Prepare Lamonda's cost of goods manufactured report on April Round your answers to 2 decimal places. 5. Prepare Lomonda's Apre Income statement includere led to star Goods Solo needed to dispose of overso onderapplied manufacturing overhead (Round your answers 2 cecimal places) Reg 1 and 2 Reg 3a Reg 3b Reg 4 Reqs Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Post each transaction (d) cast separ Round your answers to 2 decimal places.) Raw Matelas inventary Work in Process eventory Beg Bal fa) 28,000.00 231,770.00 111,000.00 (6) Beg Bal [(b) (c) 10.000.00 05.300.00 182.325,00 203,450.000 End. Bal 148,470.00 e) End, Bal 33.775.00 Finished Goods Inventory 124,400.00 Manufacturing Overhead Beg Bal Beg B End. Bat. 124.400.00 End Bal 0.00 Cost of Goods Sold Sales Revenue Beg Bal Bees End Da 0.00 0.00 Endal

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