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 $233,270. (b) Requisitioned materials at a cost of $111,100, of which $16,500 was for general factory use. (c) Recorded factory labor of $224,500, of which $43,375 was indirect. (d) Incurred other costs: Selling expense $34,700 Factory 24,500 utilities Administrative 51,250 expenses Factory rent 11,000 Factory 20,000 depreciation (e) Applied overhead at a rate equal to 142 percent of direct labor cost. (f) Completed jobs costing $263,250. (g) Sold jobs costing $324,170. (h) Recorded sales revenue of $508,000. 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 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- or underapplied manufacturing overhead. (Round your answers to 2 decimal places.) X Answer is not complete. 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.) Raw Materials Inventory Beg. Beg. Work in Process Inventory 18,100.00 169,270.00 263,250.00 29,000.00 233,270.00 Bal. (a) Bal. 111,100.00 (b) (b) (c) (0) End. 151,170.00 Bal. 75,880.00 Bal! Finished Goods Inventory Manufacturing Overhead Beg. 123,100.00 Bal (1) Beg. Bal. (b) End. Bal. 123,100.00 Bal. 0.00 Cost of Goods Sold Sales Revenue Beg. Bal. (g) Beg. Bal. End. Bal. 0.00 End. Bal. 0.00 Nonmanufacturing Expenses Beg. Bal. (d) X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3a Req 3b Req 4 Req 5 Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Manufacturing Overhead X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Req 3b Req Req 4 and 2 Req 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? IncreaX Decrease Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Req and 2 Req 3b Reg 4 Req 5 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 Beginning Raw Materials $ 29,000.00 Inventory Plus: Raw Material Purchases 233,270.00 Less: Indirect Materials Less: Ending Raw Materials Inventory Direct Materials Used Direct Labor Manufacturing Overhead Applied 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 Req Req 3b Req 4 Req 5 and 2 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.) Show less LAMONDA CORP. Income Statement For the Month of April 508,000.00 123,100.00 263,250.00 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 324,170.00