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 $233,570. b. Requisitioned materials at a cost of $111,700, of which $16,700 was for general factory use. c. Recorded unpaid factory labor of $223,800, of which $42,575 was indirect. d. Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation e. Applied overhead at a rate equal to 130 percent of direct labor cost. f. Completed jobs costing $263,650. g. Sold jobs costing $324,170. h. Recorded sales revenue (on account) of $507,000. 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 increas 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 $ 34,100 24,600 50,750 11,300 19,400 Req 3a Debit Beginning Balance Req 3b Post the April transactions to the T-accounts and compute the balance the accounts at the end of April. Note: Post each transaction (d) cost separately. Round your answers to 2 decimal places. Raw Materials Inventory 29,600.00 Req 4 Req 5 Credit Work in Process Inventory Debit Beginning Balance 19,500.00 Credit

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 materlals on account at a cost of $233.570. b. Requisitioned materials at a cost of $111700, of which $16,700 was for general factory use. c. Recorded unpaid factory labor of $223,800, of which $42,575 was indirect. d. Incurred other costs e. Applied overheadat a rate equal to 130 percent of direct labor cost. f. Completed jobs costing $263,650. 9. Sold jobs costing $324,170 h. Recorded sales revenue (on account) of $507,000. 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 increa decrease? 4. Prepare Lamonda's cost of goods manufactured report for Aprit. 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. 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. Post the Aprl 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. c. Recorded unpaid factory labor of $223,800, of which $42,575 was indirect d. Incurred other costs: e. Applled overhead at a rate equal to 130 percent of direct labor cost. 1. Completed jobs costing $263,650 9. Sold jobs costing $324,170. h. Recorded sales revenue (on account) of $507,000. 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 Sol 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 overunderapplied 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. c. Recorded unpaid factory labor of $223,800, of which $42,575 was indirect d. Incurred other costs e. Applied overhead at a rate equal to 130 percent of direct labor cost 1 Completed jobs costing $263,650. 9. Sold jobs costing $324,170 h. Recorded sales revenue (on account) of $507,000 Required: 1. 8. 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. If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold, will Cost of Goods Sold increase of decrease? g. Sold jobs costing $324.170. h. Recorded sales revenue (on account) of $507,000 Required: Required: 1. 2. Post the April transactions to the Taccounts 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 maufactured report for April. 5. Prepare Lamonda's April income statement, Inctude 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. Prepare Lamonda's eost of goods manufactured report for April. Note: Round your answers to 2 decimal piaces. e. Applied overhead at a rate equal to 130 percent of direct labor cost. f. Completed jobs costing $263,650 9. Sold jobs costing $324,170 h Recorded soles revenue (on account) of 5507,000 . 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 dectease? 4. Prepare Lamondo's cost of goods marufactured report for April. 5. Prepare Lamonda's April income statement Include any adjustment to Cost of Goods Sold needed to dispose of over- or underspplied manufacturing overhead 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: Poound your answers to 2 decimal places