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 $232,670. (b) Requisitioned materials at a cost of $111,300, of which $16,300 was for general factory use. (c) Recorded factory labor of $224,500, of which $42,475 was indirect. (d) Incurred other costs: Selling expense $ 35,400 Factory utilities 23,000 Administrative expenses 49,850 Factory rent 11,900 Factory depreciation 19,500 (e) Applied overhead at a rate equal to 135 percent of direct labor cost. (f) Completed jobs costing $262,350. (g) Sold jobs costing $322,970. (h) Recorded sales revenue of $519,000. 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? 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.)

Complete this question by entering your answers in the tabs below. Req 1 and 2 Req Req 3b Reg 4 Reg 5 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.) Beg. Bal. Raw Materials Inventory 29,500.00 232,670.00 111,300.00 (b) Beg. Bal. Work in Process Inventory 18,200.00 95,000.00 262,350.00 (6) 182,025.00 (a) End. Bal. 150,870.00 End. Bal. 32,875.00 Manufacturing Overhead Beg. Bal. Finished Goods Inventory 124,900.00 262,350.00 322,970.00 (9) Beg. Bal. (b) End. Bal. 64,280.00 16,300.00 42.475.00 23,000.00 11,900.00 19,500.00 113,175.00 (d) End. Bal. Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal. (9) 322,970.00 519,000.00 (h) End. Bal. 322,970.00 End. Bal. 519,000.00 Nonmanufacturing Expenses Beg. Bal. (d) (d) 35,400.00 49,850.00 85,250.00 End. Bal. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 1 and 2 Reg za Req 3a Req 3b Req3o Req 4 Rega Req 5 Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Manufacturing Overhead Overapplied by Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 1 and 2 Req Req 3a Req 3b Reg 3D Req 4 Req 4 Req 5 Reqs Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDA CORP. Cost of Goods Manufactured Report For the Month of April Plus: Ending Work in Process Inventory Plus: Raw Material Purchases Less: Indirect Materials Less: Ending Raw Materials Inventory Direct Materials Used $ 0.00 Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3a Req 3b Req 4 Req 5 Prepare Lamonda's 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.) LAMONDA CORP Income Statement For the Month of April Sales Revenue Cost of Goods Sold Beginning Finished Goods Inventory Plus: Cost of Goods Manufactured Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Less: Overapplied Manufacturing Overhead Adjusted Cost of Goods Sold Gross Profit Selling and Administrative Expenses Net Income (Loss) from Operations