PA2-1 (Algo) Recording Manufacturing and Nonmanufacturing Costs, Preparing the cast of Goods Manufactured Report and Income Statement (LO 2-3,2-4,2-5, 2-6) Lamanda Corp. uses a job order cost system. On April 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 $231,670. Requisitioned materials at a cost of $110.400, of which $15,000 was for general factory use. fel Recorded factory labor of $224,800, of which $43.075 was indirect 10 incurred other costs Selling expense $35,600 Factory utilities 22,900 Administrative 51,850 expenses Factory rent 11,700 Factory depreciation 20,788 fej Applied avemead at a rate equal to 129 percent ordrect labor cost. Completed jobs costing S262.850. 19 Sold jobs costing 5323,570. Recorded sales revenue or $50-4.000. Required: 1. & 2. Post the Aprili transactions to the accounts and compute the balance in the accounts at the end of April , Post tach transaction (d) cost separately. Round your answers to 2 decimal places 3.1. Compute over or underapplied manuracturing averead (Round your answer to 2 decimal places.) 3-6 the balance in the Manufacturing overhead account is closed directly to cast of Goods Sold cost of Goods sold increase or decrease? 4. Prepare Lamondara cost of goods manutactured reponn (Round your answers, 12 decimal places S. Prepare Lamonda's April income statement nude any adjustment to cost or Goods sold neend a discose of over- or under dimancasing ved Round your answers, 102 decimal Places Complete this question by entering your answers in the tabs below. Reg 1 Reg 3a and 2 Reg 3b Reg4 Reg 5 Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Post each transaction (a) cost separately. Round your answers to 2 decimal places.) Raw Materials arventory Work In Process Inventory Beg. Bel. 29,100.00 Beg. Bal 18,000.00 End. Bal End. Bal Manu uring Overhead Finished Goods, Inventory 124,000.00 Beg Bal Beg. Bal. End Bal End. Bal Cost of Goods Sold Sales Revenue Beg. Bal Beg. Bal. End. Bal End. Bal Nonmanufacturing Expenses Beg.Bal End, Bal Reg 3 > Reg 3a Reg 36 Reg 1 Req 4 Reqs and 2 Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Manufacturing Overhend Reg 1 and 2 Req 3a Req 3b Reg 4 Reg 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.) LAMONDACORP Cost of Goods Manufactured Repor For the Month of April Direct Materials Used Total Current Manufacturing Costs Cost of Goods Manufactured ( Req3b Reqs > Reg 1 and 2 Reg 3a Reg 3b Req 4 Reg 5 Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over- or underapplied manufacturing overhead. (Round your answers to 2 decimal places.) Show less LAMONDA CORP Income Statement For the Month of April Cost of Goods Sold Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Net Income (LOS) from Operations
