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Lamonda Corporation uses a job order cost system. On April 1 , the accounts had the following balances: The following transactions occurred during April: Required:
Lamonda Corporation uses a job order cost system. On April the accounts had the following balances:
The following transactions occurred during April:
Required:
a Purchased materials on account at a cost of $ Purchase of raw materials, and sales are on Account.
b Requisitioned materials at a cost of $ of which $ was for general factory use.
c Recorded factory labor of $ of which $ was indirect.
d Incurred other costs: Hint: Use Miscellaneous Accounts for the total of all costs incurred
e Applied overhead at a rate equal to percent of direct labor cost.
f Completed jobs costing $
g Sold jobs costing $
h Recorded sales revenue of $ Record the sales revenue earned on account.
Prepare all of Lamonda's necessary journal entries for the month of April.
Note: If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
View transaction list
Record the purchase of raw materials on
account.
Record the Requisition of raw materials.
Record Lamonda Corporation's payroll
costs due but not paid.
Record the actual other costs incurred
and paid.
Record the application of manufacturing
overhead to production.
Record the transfer of work in process
Note : journal entry has been entered
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