Lamonda Corp uses a job order cost system. On April 1, the accounts had balances as shown in the Taccounts below. The following transactions occurred during April (a) Purchased materials on account at a cost of $232,270 (b) Requisitioned materials at a cost of $110,400, of which $16,500 was for general factory use. (c) Recorded factory labor of $224,500, of which $42,575 was indirect (incurred other costs Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation 535, 100 23,100 58,550 11, eee 19,200 (e) Applied overhead at a rate equal to 126 percent of direct labor cost Completed Jobs costing $263.150. (9) Sold jobs costing $323.070. thy Recorded sales revenue of $512,000. 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-ot underapplied manufacturing overhead (Round your answer to 2 decimal places.) 3-b. Ir 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 Lamonde's April income statement include any adjustment 10 Cost of Goods Sold needed to dispose of over-on underapplied manufacturing overhead. (Round your answers to 2 decimal places.) y you Reg 1 and 2 Rega Reg 36 Re Post the Axil transactions to the T-acounts and compute the balance in the accounts at the end of April (Post each transactio Round your answers to 2 decimal places.) Beg Bal 28,700.00 Beg Ball 19.000.00 End. Bal End Bal nuturing Overhead Finished Goods Irwantory 123.900.00 Bea B Beg Bel End Bar End BGE Doct of Good Bold Bales Revenue Beg Bed B End E B Nonmanufaturing Expono B. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3a Reg 36 R4 RAS Compute over or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Manufacturing Ovemand Reg 1 and 2 Req3 > Leht Lost of Good underapplied manufacturing overhead. (Round your answers to 2 decimal places) Complete this question by entering your answers in the tabs below. Rag 1 and 2 Reg 3a Red 35 Reg 4 Reqs If the balance in the Manufacturing Overhead account is closed directly to cost of Goods or decrease? Oincrease Decrease & Raqia Reg4 > Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req 3a Req 36 Req 4 Req 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answer LAMONDA CORP. Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs Cost of Goods Manufactured
