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: Purchased materials on account at a cost of $233,270. Requisitioned materials at a cost of $111,700, of which $16,100 was for general factory use. Recorded unpaid factory labor of $225,500, of which $43,575 was indirect. Incurred other costs: Selling expense $ 35,900 Factory utilities 22,800 Administrative expenses 51,750 Factory rent 11,800 Factory depreciation 20,900 Applied overhead at a rate equal to 133 percent of direct labor cost. Completed jobs costing $262,350. Sold jobs costing $324,470. Recorded sales revenue (on account) of $513,000. 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

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. 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. \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ LAMONDA CORPORATION } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline \multicolumn{2}{|c|}{ For the Month of April } \\ \hline Sales Revenue & 513,000.00 \\ \hline Cost of Goods Sold & 124,700.00 & \\ \hline Beginning Finished Goods Inventory & 262,350.00 & \\ \hline Plus: Cost of Goods Manufactured & 62,580.00 & \\ \hline Less: Ending Finished Goods Inventory & 324,470.00 & \\ \hline Unadjusted Cost of Goods Sold & & \\ \hline Less: Overapplied Manufacturing Overhead & & \\ \hline Adjusted Cost of Goods Sold & & \\ \hline Gross Profit & & \\ \hline Selling and Administrative Expenses & \\ \hline Net Income (Loss) from Operations & \\ \hline \end{tabular}