The following transactions occurred during April: (a) Purchased materials on account at a cost of $231,670 () Requisitioned materials at a cost of $112,100, of which $15,700 was for general factory use. (c) Recorded factory labor of $224,800, of which $43,775 was indirect, (d) incurred other costs: Selling expense Factory utilities Administrative expenses Tactory rent Factory depreciation $ 35,900 23.000 50.150 11.900 19.300 (e) Applied overhead at a rate equal to 127 percent of direct labor cost. m Completed jobs costing $263,150 (9) Sold jobs costing $323,570 (W Recorded sales revenue of $514,000. 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 deimal places.) 3-a. Compute over- or underapplied manufacturing overhead (Round your answer to 2 decimal places.) 3-5. I 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 Lomonda's cost of goods manufactured report for April (Round your answers to 2 decimal places.) 5. Prepare Lomonda's April income statement. Include any adjustment to cost of Goods Sold needed to dispose of over or interannlad manufacturinn verhaal Indianeware Harimaliares Check my won 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.) 3-5. 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.) Complete this question by entering your answers in the tabs below. Rea 1 and 2 Reg 3a Reg 36 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 cach transaction (d) cost separately Round your answers to 2 decimal places.) Raw Materials inventory Work In Process Inventory Beg Bal 20,200.00 Beg Bal 18,600.00 End Bal 29,200.00 The following transactions occurred during April: (a) Purchased materials on account at a cost of $231,670 () Requisitioned materials at a cost of $112,100, of which $15,700 was for general factory use. (c) Recorded factory labor of $224,800, of which $43,775 was indirect, (d) incurred other costs: Selling expense Factory utilities Administrative expenses Tactory rent Factory depreciation $ 35,900 23.000 50.150 11.900 19.300 (e) Applied overhead at a rate equal to 127 percent of direct labor cost. m Completed jobs costing $263,150 (9) Sold jobs costing $323,570 (W Recorded sales revenue of $514,000. 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 deimal places.) 3-a. Compute over- or underapplied manufacturing overhead (Round your answer to 2 decimal places.) 3-5. I 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 Lomonda's cost of goods manufactured report for April (Round your answers to 2 decimal places.) 5. Prepare Lomonda's April income statement. Include any adjustment to cost of Goods Sold needed to dispose of over or interannlad manufacturinn verhaal Indianeware Harimaliares Check my won 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.) 3-5. 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.) Complete this question by entering your answers in the tabs below. Rea 1 and 2 Reg 3a Reg 36 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 cach transaction (d) cost separately Round your answers to 2 decimal places.) Raw Materials inventory Work In Process Inventory Beg Bal 20,200.00 Beg Bal 18,600.00 End Bal 29,200.00
