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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

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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 during April: (a) Purchased materials on account at a cost of $232,370. (b) Requisitioned materials at a cost of $110,700, of which $15,300 was for general factory use. (c) Recorded factory labor of $223,700, of which $42,975 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $35,900 24,100 49,950 10,300 19,100 (e) Applied overhead at a rate equal to 126 percent of direct labor cost. (1) Completed jobs costing $262,250. (9) Sold jobs costing $323,170. (h) Recorded sales revenue of $513,000. Required: 1. & 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Post each transaction (d) cost separately. 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 Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) 4. Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) 5. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over-o 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 3a Reg 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. (Post each transaction Round your answers to 2 decimal places.) Raw Materials Inventory Work in Process Inventory Beg. Bal. 28,700.00 Beg. Bal 19.000.00 End. Bal. 28.700.00 End Bal 19 000 00 Finished Goods Inventory Manufacturing Overhead Beg. Bal. 123,800.00 Beg. Bal Finished Goods Inventory Manufacturing Overhead Beg Bal 123,800.00 Beg. Bal End. Bal 123.800.00 End. Bal. 0.00 Cost of Goods Sold Sales Revenue Beg. Bal Beg Bal End. Bal 0.00 End Bal 0.00 Nonmanufacturing Expenses Beg. Bal. End. Bal 0.00 Resinan Req 3a > Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3a Req 3b Reg 4 Reg 5 Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.). Manufacturing Overhead 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 3a Reg 3b Reg 4 Reg 5 If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold, will cost of Goods Sold increase or decrease? Olncrease Decrease

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