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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 1, the accounts had the following balances:
The following transactions occurred during April:
Required:
a. Purchased materials on account at a cost of $136,000. Purchase of raw materials, and sales are on Account.
b. Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use.
c. Recorded factory labor of $155,000, of which $24,000 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 135 percent of direct labor cost.
f. Completed jobs costing $375,000.
g. Sold jobs costing $402,000.
h. Recorded sales revenue of $500,000. 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 transaction/event, select "No Journal Entry Required" in the first account field.
View transaction list
1 Record the purchase of raw materials on
account.
2 Record the Requisition of raw materials.
3 Record Lamonda Corporation's payroll
costs due but not paid.
4 Record the actual other costs incurred
and paid.
5 Record the application of manufacturing
overhead to production.
6 Record the transfer of work in process
Note : = journal entry has been entered
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