Lamonda Corporation uses a job order cost system. On April 1 , the accounts had balances as shown in the T-accounts belaw: The follawing transactions occurred during April: a. Purchased materials on account at a cost of $232,770. b. Aequisitioned materials at a cost of $111,700, of which $16,800 was for general factory use. c. Recorded unpaid factory labor of \$224,900, of which $43,775 was indirect. d. Arruirnand athere emrar- e. Applied overhead at a rate equal to 140 percent of direct labor cost. f Completed jobs costing $262,450. g. Sold jobs costing $323,170. h. Aecorded sales revenue (an account) of $519,000. Required: 1. 6 2. Post the Apeil transactions to the T-accounts and compute the balance in the accounts at the end of April. 3-a. Compute over- or underappled manufacturing overhead. 3.b. If the balance in the Manufacturing Owerhead account is closed directly to Cost of Goods Sold, will Cost of Gaods Sold increase or decrease? 4. Prepare Lamenda's cost of gonds manufactured report for April. 5. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of aver- or underapplied manufacturing overhead. Complete this question by entering your answers in the tabs below. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. Note: Post each transaction (d) cost separately. Round your answers to 2 decimal places. Lamonda Corporation uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts belaw: The follawing transactions occurred during April: a. Purchased materials on account at a cost of $232770. b. Aequisitioned materials at a cost of $111,700, of which $16,800 was for general factory use. c. Aecorded unpaid factary labor of $224,900, of which $43,775 was indirect. d. lnt e. Applied overhead at a rate equal to 140 percent of direct labor cost. f Completed jobs costing $262,450. g. Sold jobs coating $323,170. h. Aecorded sales reverue (on account) of $519,000. Required: 1. 6 2. Post the Apeil transactions to the T-accounts and compute the balance in the accounts at the end of April. 3-a. Compute over- or underappled manufacturing averhead. 3b. If the bolance in the Manufacturing Owerhead account is closed directly to Cost of Goods Sold, will Cost of Gaods Sold increase or decrease? 4. Prepare Lamonda's cost of goods manufactured report for April. 5. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of aver or underapplied manufacturing overhead. Complete this question by entering your answers in the tabs below. Compute over- or underapplied manufacturing overhead. Note: Round your answer to 2 decimal places. Lamonda Corporation uses a job order cost system. On April 1 , the accounts had balances as shown in the T-accounts belaw: The following transactions occurred during April: a. Purchased materials on account at a cost of $232,770. b. Aequisitioned materials at a cost of $111,700, of which $16,800 was for general factory use. c. Aecorded unpaid factary labor of $224,900, of which $43,775 was indirect. d. In e. Applied overhead at a rate equal to 140 percent of direct labor cost. f Completed jobs costing $262,450. 9. Sold jobs coating $323,170. h. Aecorded sales revenue (on account) of $519,000. Required: 1. . Post the Apeil transactions to the T-accounts and compute the balance in the accounts at the end of April. 3-a. Compute over- or underappled manufacturing overhead. 3-b. If the balance in the Manufacturing Owerhead account is closed directly to Cost of Goods Sold, will Cost of Gaods Sold increase or decrease? 4. Prepare Lamonda's cost of goods manufactured report for April. 5. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose af aver- ar underapplied manufacturing overhead. Complete this question by entering your answers in the tabs below. If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold, wil Cost of Goods Sold increase or decrease? Lamonda Corporation uses a job order cost system. On April 1 , the accounts had balances as shown in the T-accounts belaw: The following transactions occurred during April: a. Purchased materials on account at a cost of $232,770. b. Aequisitioned materials at a cost of $111,700, of which $16,800 was for general factory use. c. Aecorded unpaid factary labor of $224,900, of which $43,775 was indirect. d. lncurred ather costs: e. Applied overhead at a rate equal to 140 percent of direct labor cost. f Completed jobs costing \$262,450. g. Sold jobs costing $323,170. h. Aecorded sales revenue (an account) of $5+9,000. Required: 1. 6 2. Post the Apeil transactions to the T-accounts and compute the balance in the accounts at the end of April. 3-a. Compute over- or underappled manufacturing averhead. 3.b. If the balance in the Manufacturing Owerhead account is closed directly to Cost of Goods Sold, will Cost of Gaods Sold increase or decrease? 4. Prepare Lamonda's coat of gonds manufactured report for April. 5. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dspese of aver ar underapplied manufacturing overhead. Complete this question by entering your answers in the tabs below. Prepare Lamonda's cost of goods manufactured report for April. Note: Round your answers to 2 decimal places. Lamonda Corporation uses a job arder cost system. On April 1 , the accounts had balances as shown in the T-accounts belaw: The follawing transactions occurred during April: a. Purchased materials on account at a cost of $232,770. b. Aequisitioned materials at a cost of $111,700, of which $16,800 was for general factory use. c. Aecorded unpaid factory labor of $224,900, of which $43,775 was indirect. d. Inrurrart athee rnete e Applied overhead at a rate equal to 140 percent of direct labor cost. t. Completed jobs costing $262,450. 9. Sold jobs costing $323,170. h. Aecorded sales revenue (on account) of $519,000. Required: 1. \& 2. Post the Apeil transactions to the T-accounts and compute the balance in the accounts at the end of April. 3-a. Compute over- or underappled manufacturing overhead. 3-b. If the balance in the Manufacturing Owerhead account is closed directly to Cost of Goods Sold, will Cost of Gaods Sold increase of decrease? 4. Prepare Lamonda's cost of goods manufactured report for April. 5. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of aver- or underapplied manufacturing overhead. Complete this question by entering your answers in the tabs below. Prepare Lamonda's April income statement. Include any adjustmerk to Cost of Goods Sold necosd to dispose of over" or underapplied manutacturing overhead. Note: Fhund your answers to 2 decimal places