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 $233,570. (b) Requisitioned materials at a cost of $111,900, of which $15,700 was for general factory use. (c) Recorded factory labor of $224,500, of which $43,275 was indirect. (d) Incurred other costs:

Selling expense	$	34,200
Factory utilities		23,600
Administrative expenses		50,750
Factory rent		10,100
Factory depreciation		19,500

(e) Applied overhead at a rate equal to 138 percent of direct labor cost. (f) Completed jobs costing $263,650. (g) Sold jobs costing $323,170. (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. (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 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.)

PLEASE CORRECT ERRORS AND RESPOND IN CLEAR DETAILED FORMAT!

Req 1 and 2 Reg 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 transat Round your answers to 2 decimal places.) Work in Process Inventory Raw Matenals Inventory 28,600.00 233.570.00 111.900.00 (0) Beg. Bal (a) 18,500.00 96,200.00 263,650.00 (1) Beg Bal (b) (c) (e) 181225.00 End Bal 150.270.00 250,090 50 End Bal 282,365.50 Manufacturing Overhead Beg Bal Finished Goods Inventory 124,500.00 263,650.00 Beg Bat ( 15.700.00 (e) (C) rid) End. Bal. 388,150.00 (d) (a) 43.275.00 23,600.00 10,100.00 19,500.00 112,175.00 End. Bal Sales Revenue Cost of Goods Sold Beg Bal Beg. Bal (9) 323,170.00 508,000.00 End. Bal 508,000.00 323,170.00 End. Bal Nonmanufacturing Expenses Beg. Bal (d) (d) 34,200.00 50.750.00 84.950.00 End. Bal Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3a Reg 3b Reg 4 Reqs Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Manufacturing Overhead Overapplied by Req 1 and 2 Reg 3a Reg 3b Reg 4 Reg 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 Inventory $ 28,600.00 Plus: Raw Material Purchases 233,570.00 Less Indirect Materials 43,275.00 Less: Ending Raw Materials Inventory 150,270.00 Direct Materials Used 233.00 Direct Labor Manufacturing Overhead Applied Plus: Ending Work in Process Inventory 546,015.50 Total Current Manufacturing Costs $ 546,248.50 Plus: Beginning Work in Process Inventory 18,500.00 Less Ending Work in Process Inventory 282,365.00 Cost of Goods Manufactured $ 263,650.00 Req 1 and 2 Reg 3a Reg 3b Reg 4 Reg 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. $ 508,000.00 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 124,500.00 263,650.00 263,650.00 323,170.00 112,175.00 84,950.00 Rogo