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Lamonda Corporation uses a job order cost system, On April 1, the accounts had balances as shown in the T-accounts below: I he tollowing transactions

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Lamonda Corporation uses a job order cost system, On April 1, the accounts had balances as shown in the T-accounts below: I he tollowing transactions occurred during Aprit: a Purchased materials on account at a cost of $231,970. b. Requisitioned materials at a cost of $111,300, of which $14,900 was for general factory use: c Recorded unpald factory labor of $225,300, of which $42.775 was indirect. e Applied overhead at a rate equal to 126 percent of directlabot cost. r.completed fobs costing $263.150 9. Sold jobs costing $323,470 If Recorded sales revenue (on account) of $510,000. Required: 1. \& 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of Aprit 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 5old, will Cost of Goods 501 increnser or decrease? 4. Prepate Lamonda's cost of goods manufactured report for April. 5. Propare tamonda's April income statement, include any adjustment to Cost of Goods Sold needed to dispose of over-or iunderapptied manufacturing overhead. Complete this question by entering your answers in the tabs below. Post the April transactions to the Taccounts 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. 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. 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, will cost of Goods Sold increise or decrease? 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. Complete this question by entering your answers in the tabs below. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over-or underapplied manufacturing overhead. Note: Round your answers to 2 decimal places

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