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Please answer this question fully and follow th chart Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as

Please answer this question fully and follow th chart

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 $136,000. (b) Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. (c) Recorded factory labor of $155,000, of which $24,000 was indirect. (d) Incurred other costs:

Selling expense $ 44,000
Factory utilities 26,000
Administrative expenses 15,000
Factory rent 30,000
Factory depreciation 24,000

(e) Applied overhead at a rate equal to 135 percent of direct labor cost. (f) Completed jobs costing $375,000. (g) Sold jobs costing $402,000. (h) Recorded sales revenue of $500,000. Required: 1. & 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April.

Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April.

Raw Materials Inventory Work in Process Inventory
Beg. Bal. 25,000 Beg. Bal. 55,000
(a) 136,000 122,000 (b) (b) 94,000
(c) 131,000
End. Bal. 39,000 (e) 176,850
81,850
End. Bal. 538,700
Finished Goods Inventory Manufacturing Overhead
Beg. Bal. 60,000 Beg. Bal.
End. Bal. 60,000
End. Bal. 0
Cost of Goods Sold Sales Revenue
Beg. Bal. Beg. Bal.
End. Bal. 0 End. Bal. 0
Nonmanufacturing Expenses
Beg. Bal.
End. Bal. 0

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