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 $232,770. (b) Requisitioned materials at a cost of $112,000, of which $15,200 was for general factory use. (c) Recorded factory labor of $224,000, of which $42,575 was indirect. (d) Incurred other costs:

Selling expense	$	34,200
Factory utilities		22,800
Administrative expenses		50,050
Factory rent		11,200
Factory depreciation		19,500

(e) Applied overhead at a rate equal to 126 percent of direct labor cost. (f) Completed jobs costing $262,650. (g) Sold jobs costing $323,670. (h) Recorded sales revenue of $517,000. 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.)

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.) Raw Materials Inventory Work in Process Inventory Beg. Bal 28,900.00 Beg. Bal 19,700.00 End. Bal 28,900.00 End. Bal 19,700.00 Finished Goods Inventory Manufacturing Overhead Beg. Bal 124,700.00 Beg. Bal End. Bal 124,700.00 End. Bal 0.00 Cost of Goods Sold Sales Revenue Beg. Bal Beg. Bal End. Bal 0.00 End. Bal 0.00 Selling and Administrative Expenses Beg. Bal End. Bal 0.00