Sost Flow Project - Required Seved Help Save & Exit Check Lomonda 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 $232,470 (b) Requisitioned materials ot a cost of $112,000, of which $16,400 was for general factory use (c) Recorded factory labor of $225,400, of which $43.475 was indirect (d) incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $36,000 23,900 51,550 11,500 19,700 (0) Applied overhead at a rate equal to 141 percent of direct labor cost Completed jobs costing $261,850 (0) Sold jobs costing $324,170, m) Recorded sales revenue of $513,000 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? Prev 1 of 1 Next 2- Cost Flow Project - Required CONTATO Lam Save Help Save Exit 1 Check 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.) aped Complete this question by entering your answers in the tabs below. ok Int Req 1 and 2 Req 3a Req3b Reg 4 Reg 5 ences 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.) Raw Materials Inventory 29,500.00 Work in Process Inventory 18,900.00 Beg. Bal Beg Bal End, Bal End. Bal Manufacturing Overhead Finished Goods Inventory Prev Next 1 of 1 !!! 1 Lamond Care USA Sad Help Say 1 1 Req 1 and 2 Reg 3 Reg 3b Reg 4 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 (d) cost separat Round your answers to 2 decimal places.) 30 points Raw Materials Inventory 29,500.00 Skipped Beg Bal Work in Process Inventory 18,900.00 Beg Bal eBook End. Bal Print References End, Bal Finished Goods Inventory Manufacturing Overhead Beg Bal. 125,000.00 Beg. Bal End. Bal. End. Bal Sales Revenue Cost of Goods Sold Prev 1 of 1 Next - D OCT tv A 12 S Help Save & End. Bal Cost of Goods Sold Sales Revenue Bog. Bal Beg Bal ed End. Bal. End. Bal k Nonmanufacturing Expenses Beg. Bal ses End. Bal. Req3a > Prev 1 of 1 Next BB ( A OCT tv 12 reyuncu. 1. & 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April ( 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 G 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 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 Req 3a Req 3b Req 4 Reg 5 Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Manufacturing Overhead Req 1 and 2 Req3b> Complete this question by entering your answers in the tabs Req 1 and 2 Reg Req 3b Req 4 Req 5 Prepare Lamonda's cost of goods manufactured report for April. (Rou LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs + Cost of Goods Manufactured
