The following transactions occurred during April: (a) Purchased materials on account at a cost of $233,070. (b) Requisitioned materials at a cost of $110,800, of which $16,300 was for general factory use. (c) Recorded factory labor of $225,300, of which $42,875 was indirect. (d) Incurred other costs: Selling expense $35,200 Factory utilities 24,600 Administrative expenses 50,650 Factory rent 11,000 Factory depreciation 19,700 (e) Applied overhead at a rate equal to 125 percent of direct labor cost. (0) Completed jobs costing $262,850. (g) Sold jobs costing $323,770. (h) Recorded sales revenue of $502,000. 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.) Kouna your answers to 2 decimal places.) Beg. Bal. Raw Materials Inventory 28,700.00 End. Bal. Beg. Bal. End. Bal. Work in Process Inventory 19,500.00 Beg. Bal. Finished Goods Inventory 123,900.00 Manufacturing Overhead Beg. Bal. End. Bal. End. Bal. Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. 3-b. If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Soll decrease? 4. Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 de- 5. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold nee 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 Req 5 Compute over- or underapplied manufacturing overhead. (Round your answer to 2 decimal places.) Manufacturing Overhead 5. Prepare Lamonda's April income stateme 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 Req 5 If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold, will Cost of or decrease? Increase Decrease Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3a Req 3b Req 4 Req 5 Prepare Lamonda's cost of goods manufactured report for April. (Round your answers to 2 de LAMONDA CORP. Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs Cost of Goods Manufactured Req 1 and 2 Req 3a Req 3b Req 4 Req 5 Prepare Lamonda's April income statement. Include any adjustment to Cost of Good underapplied manufacturing overhead. (Round your answers to 2 decimal places.) 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 (Loss) from Operations < Req 4