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Lamonda Corp uses a job order cost system. On April 1, the accounts had the following balances Raw Materials Inventory $25,000 Work in Process

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Lamonda Corp uses a job order cost system. On April 1, the accounts had the following balances Raw Materials Inventory $25,000 Work in Process Inventory 55,000 Finished Goods Inventory 60,000 The following transactions occurred during April (a) Purchased materials on account at a cost of $136,000 (b) Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. (c) Recorded factory labor of $155,000, of which $24,000 was indirect (c) Incurred other costs: (Hint: Use Miscellaneous Accounts for the total of all costs incurred) Selling expense $44,000 Factory utilities 26,000 Administrative expenses 15,000 Factory rent 10,000 Factory depreciation 24,000 (e) Applied overhead at a rate equal to 135 percent of direct labor cost. (f) Completed jobs costing $375,000 (9) Sold jobs costing $402,000 (n) Recorded sales revenue of $500,000 Required: Prepare all of Lamonda's necessary journal entries for the month of April. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet 4 5 6 Record the purchase of raw materials on account. Note: Ente debita before credits Transaction General Journal Debit Credit

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