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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

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 $233,170. (b) Requisitioned materials at a cost of $111,100, of which $15,000 was for general factory use. (c) Recorded factory labor of $225,400, of which $43,675 was indirect. (d) Incurred other costs:

Selling expense $ 35,300
Factory utilities 24,500
Administrative expenses 50,850
Factory rent 11,100
Factory depreciation 19,400

(e) Applied overhead at a rate equal to 130 percent of direct labor cost. (f) Completed jobs costing $263,750. (g) Sold jobs costing $324,370. (h) Recorded sales revenue of $502,000. Required: 1. & 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Round your answers to 2 decimal places.)

image text in transcribed

(please follow the same setup as these. I do not need journal entries with acc. payable, etc.)

Raw Materials Inventory Work in Process Inventory Beg. Bal. 28,400.00 Beg. Bal. 19,500.00 End. Bal. End. Bal. Finished Goods Inventory Manufacturing Overhead Beg. Bal. 125,000.00 Beg. Bal. End. Bal End. Bal. Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Selling and Administrative Expenses Beg. Bal. End. Bal

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