PA2-1 (Algo) Recording Manufacturing and Nonmanufacturing Costs, Preparing the Cost of Goods Manufactured Report and Income Statement [LO 2-3, 2-4, 2-5, 2-6] Lamonda Corp. 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 $232,270. (b) Requisitioned materials at a cost of $111,800, of which $15,400 was for general factory use. (c) Recorded factory labor of $224,300, of which $43,275 was indirect. (d) Incurred other costs: Selling expense $35,100 Factory utilities 23,400 Administrative expenses 50,650 Factory rent 10,300 Factory depreciation. 20,900 (e) Applied overhead at a rate equal to 143 percent of direct labor cost. (f) Completed jobs costing $262,550. (g) Sold jobs costing $324,670. (h) Recorded sales revenue of $508,000. Required: 1. & 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Post each transaction (d) cost separately. Round your answers to 2 decimal places.) 3-a. Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) 3-b. If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold, will Cost of Goods Sold increase d decrease? 4. Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal places.). 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.) Complete this question by entering your answers in the tabs below.