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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
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 $233,170. (b) Requisitioned materials at a cost of $111,400, of which $15,500 was for general factory use. (c) Recorded factory labor of $224,600, of which $43,075 was indirect. (d) Incurred other costs: $34,300 Selling expense Factory utlities 24,500 50,050 11,800 Factory rent Factory depreciation 20,300 (e) Applied overhead at a rate equal to 135 percent of direct labor cost. (f) Completed jobs costing $263,050. (g) Sold jobs costing$324,170 (h) Recorded sales revenue of S518,000. 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.) Beg. B 28,600.0 18,300.00 End. Bal. 28,600.00 End. Bal. Beg. Bal123,100 Beg. Bal. End. Ba.123,100.00 End. Bal. Beg. Bal. End. Bal. End. Bal. Administrative Beg. Bal. End. Bal
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