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 $232,770. (b) Requisitioned materials at a cost of $112,000, of which $16,100 was for general factory use. (c) Recorded factory labor of $225,000, of which $42,575 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $34,200 23,700 51,250 11,000 19,100 (e) Applied overhead at a rate equal to 125 percent of direct labor cost. in Completed jobs costing $262,950. (9) Sold jobs costing $323,370. (h) Recorded sales revenue of $510,000. 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.) 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.) Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3a Req3b 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 (d) cost separately. Round your answers to 2 decimal places.) Beg. Bal. (a) Raw Materials Inventory 28,300.00 232.770.00 112,000.00 Work in Process Inventory 19,100.00 95,900.00 262,950.000 182,425.00 Beg. Bal. (b) (c) le) (b) ols End. Bal 149,070.00 (b) 228.031.00 (e) (c) (d) 16,100.00 42,575.00 23,700.00 End. Bal. 63,480.00 OOOO ololo (d) (d) 11,000.00 19,100.00 End. Bal. 115,556.00 Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal 34,200.00 51,250.00 85,450.00 End. Bal Hg 1 and 2 Req3a > Req 1 and 2 Reg 3a Reg 36 Req 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 $ 28,300.00 Plus: Raw Material Purchases 232,770.00 Less: Indirect Materials (16,100.00) Less: Ending Raw Materials Inventory (149,070.00) Direct Materials Used $ 95,900.00 Direct Labor 182,425.00 Manufacturing Overhead Applied 228,031.00 Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured $ 506,356,00 19,100.00 (262,506.00) $ 262,506.00 $ 216,736.00 Reg4