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 $232,070. (b) Requisitioned materials at a cost of $112,300, of which $16,400 was for general factory use. (c) Recorded factory labor of $224,200, of which $42,475 was indirect. (d) Incurred other costs:

Selling expense	$	34,000
Factory utilities		24,700
Administrative expenses		50,650
Factory rent		10,400
Factory depreciation		21,000

(e) Applied overhead at a rate equal to 135 percent of direct labor cost. (f) Completed jobs costing $262,250. (g) Sold jobs costing $322,970. (h) Recorded sales revenue of $502,000. 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.)

Raw Materials Inventory 28,400.00 Work in Process Inventory 19,900.00 Beg. Bal. Beg Bal (d) End. Bal. 28,400.00 End. Bal. 19,900.00 Manufacturing Overhead Finished Goods Inventory 123,000.00 Beg. Bal. Beg. Bal End. Bal. 123,000.00 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 Req 1 and 2 Req 3a > Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3a Reg 3b Req 4 Req5 Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Manufacturing Overhead Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3a Req3b Req 4 Req5 If the balance in the Manufacturing Overhead account is closed directly to cost of Goods Sold, will cost of Goods Sold Increase or decrease? Increase Decrease Prev 1 of 1 Next ! 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 Direct Materials Used Total Current Manufacturing Costs $ 0.00 Req 1 and 2 Reg 3a Reg 3b Reg 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 Cost of Goods Sold Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Net Income (Loss) from Operations