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:

1. Purchased materials on account at a cost of $233,670.

2. Requisitioned materials at a cost of $111,400, of which $16,600 was for general factory use.

3. Recorded unpaid factory labor of $223,700, of which $43,675 was indirect.

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. e. Applied overhead at a rate equal to 145 percent of direct labor cost. f. Completed jobs costing $262,450. g. Sold jobs costing $323,670. h. Recorded sales revenue (on account) of $501,000. Required: 1. \& 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of A 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 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 dispo underapplied 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 underapplied manufacturing overhead. Note: Round your answers to 2 decimal places. 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 Aprit: a. Purchased materials on account at a cost of $233,670. b. Requisitioned materials at a cost of $111,400, of which $16,600 was for general factory use. c. Recorded unpaid factory labor of $223,700, of which $43,675 was indirect. d. Incurred other costs: e. Applied overhead at a rate equal to 145 percent of direct labor cost. f. Completed jobs costing $262,450. g. Sold jobs costing $323,670. h. Recorded sales revenue (on account) of $501,000. 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 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 or decrease? 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 $233,670. b. Requisitioned materials at a cost of $111,400, of which $16,600 was for general factory use. c. Recorded unpaid foctory labor of $223,700, of which $43,675 was indirect. d. Incurred other costs: e. Applied overhead at a rate equal to 145 percent of direct labor cost. t. Completed jobs costing $262,450. g. Sold jobs costing $323,670. h. Recorded sales revenue (on account) of $501,000. Required: 1. \& 2. Pifst 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. Post the Aprit 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. \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Raw Materials Inventory } \\ \hline Beginning Balance & 30,000.00 & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Work in Process Inventory } \\ \hline Beginning Balance & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|r|l|} \hline \multicolumn{3}{|c|}{ Finished Goods Inventory } \\ \hline Beginning Balance & 124,800.00 & \\ \hline & & \\ \hline & & \\ \hline Ending Balance & 124,800.00 & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Cost of Goods Sold } \\ \hline Beginning Balance & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Beginning Balahce & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}