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4 3 points 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 $232,070 f) Requisitioned materials at a cost of $111,400, of which $16,800 was for general factory use. (c) Recorded factory labor of $225,600, of which $42,175 was indirect. d) incurred other costs: BOOK References Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $35,900 24,100 51, 15e 11,300 20,400 (e) Applied overhead at a rate equal to 127 percent of direct labor cost. Completed jobs costing $263,450. (9) Sold jobs costing $323,570. my Recorded sales revenue of $506,000 Required: 1. & 2. Post the Apel transactions to the 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.) (e) Applied overhead at a rate equal to 127 percent of direct labor cost. (f) Completed jobs costing $263,450. (g) Sold jobs costing $323,570. (h) Recorded sales revenue of $506,000. 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 or 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.) that has 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 separ Round your answers to 2 decimal places.) Raw Materials Inventory Work in Process Inventory Beg. Bal. 29,200.00 232,070.00 111.400.00 Beg. Bal (b) (c) (e) 18,900.00 94.600.00 183,425.00 263,450.000 End. Bal. 149,870.00 End, Bol. 33.475.00 Manufacturing Overhead Beg Bal Finished Goods Inventory 123,800.00 263,450.00*323,570,00 Beg. Bal End. Bal 63.680.00 End. Bal 0.00 Cost of Goods Sold Sales Revenue Beg Bal Beg Bal Manufacturing Overhead Beg. Bal. Finished Goods Inventory 123,800.00 263,450.00 323,570,00 Beg. Bal. End. Bal. 63,680.00 End. Bat. 0.00 Cost of Goods Sold Sales Revenue Beg Bal Beg Bat 323,570.00 0.00 End, Bal 323,570.00 End. Bal. Nonmanufacturing Expenses Beg. Bal End. Bal 0.00 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. Req 1 and 2 Reg 3a Req3b Reg 4 Reg 5 Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Manufacturing Overhead Overapplied by Req3b Req 1 and 2 Req 3a Req3b Req 4 Req 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 decimal plac LAMONDA CORP. Cont of Goods Manufactured Report For the Month of April Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Materials Less: Ending Raw Materials Inventory Direct Materials Used Direct Labor Manufacturing Overhead Applied $ 0.00 Total Current Manufacturing Costs + Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured