Lamonda Corporation 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 $231,970. b. Requisitioned materials at a cost of $111,400, of which $16,600 was for general factory use. c. Recorded unpaid factory labor of $225,300, of which $42,175 was Indirect. d. Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $ 34,100 24,000 51,050 10,400 19,800 e. Applied overhead at a rate equal to 132 percent of direct labor cost. f. Completed jobs costing $261,850. g. Sold jobs costing $324,570. h. Recorded sales revenue (on account) of $514,000. Required: 1. & 2 Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. 3-a. Compute over- or underapplied manufacturing overhead. 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. 5. Prepare Lamonda's April Income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over-or underapplied manufacturing overhead. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3a Req 3b Req 4 Req 5 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. Raw Materials Inventory Work in Process Inventory Debit Credit Debit Credit Beginning Balance 28,800.00 Beginning Balance 19,400.00 Ending Balance 28,800.00 Debit Beginning Balance Finished Goods Inventory 124,400.00 Ending Balance 124,400.00 Ending Balance 19,400.00 Manufacturing Overhead Credit Debit Credit Beginning Balance Ending Balance 0.00 Cost of Goods Sold Sales Revenue Debit Credit Debit Credit Beginning Balance Beginning Balance