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 $232,270. (b) Requisitioned materials at a cost of $110,300, of which $16,600 was for general factory use. (c) Recorded factory labor of $224,400, of which $42,275 was indirect. (d) Incurred other costs:

Selling expense	$	35,700
Factory utilities		23,700
Administrative expenses		50,950
Factory rent		12,000
Factory depreciation		19,500

(e) Applied overhead at a rate equal to 135 percent of direct labor cost. (f) Completed jobs costing $262,550. (g) Sold jobs costing $323,970. (h) Recorded sales revenue of $503,000. 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.)

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?

	Decrease
	Increase

4. Prepare Lamondas cost of goods manufactured report for April. (Round your answers to 2 decimal places.) 5. Prepare Lamondas 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.)

Required 1. &2 Post the April transections to the T-accounts and compute the belerice in tho assounts at the end of Apri. Round your answers to 2 decimal places,) Rew Materials Invantory Work in Process Inventory Beg Bal. 2,100.00 Beg Ba. 19,300.00 232,270.00 110.300.00b) 16,600.00 End. Bal, 151,070.0o End. Ba 35,90000 Manufacturing Overhead 24,300.00 Beg. Ba. End Bal. 124 300.00 End. Bal Cost of Goods Sold Sales aeg Bal Beg Bal End. Bel 0.00 Beg Bal 0.00