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Lamonda Corp. uses a job order cost system. On April 1, theaccounts had balances as shown in the T-accounts below:

The following transactions occurred during April:

(a) Purchased materials on account at a cost of$233,470.
(b) Requisitioned materials at a cost of $112,200, ofwhich $16,000 was for general factory use.
(c) Recorded factory labor of $223,700, of which $42,075was indirect.
(d) Incurred other costs:

Selling expense	$	35,600
Factory utilities		24,400
Administrative expenses		51,050
Factory rent		10,300
Factory depreciation		19,800

(e) Applied overhead at a rate equal to 127 percent ofdirect labor cost.
(f) Completed jobs costing $262,550.
(g) Sold jobs costing $322,670.
(h) Recorded sales revenue of $505,000.

Required:
1. & 2. Post the April transactions to the T-accountsand compute the balance in the accounts at the end of April.(Round your answers to 2 decimal places.)

3-a. Compute over- or underapplied manufacturingoverhead. (Round your answer to 2 decimalplaces.)

3-b. If the balance in the Manufacturing Overheadaccount is closed directly to Cost of Goods Sold, will Cost ofGoods Sold increase or decrease?

4. Prepare Lamonda’s cost of goods manufacturedreport for April. (Round your answers to 2 decimalplaces.)

5. Prepare Lamonda’s April income statement.Include any adjustment to Cost of Goods Sold needed to dispose ofover- or underapplied manufacturing overhead. (Round youranswers to 2 decimal places.)

Post the April transactions to the T-accounts and compute thebalance in the accounts at the end of April. (Round your answers to2 decimal places.)

	Raw Materials Inventory Work in Process Inventory Beg. Bal. 29,400.00 Beg. Bal. 18,900.00 End. Bal. End. Bal. Finished Goods Inventory Manufacturing Overhead Beg. Bal. 123,100.00 Beg. Bal. End. Bal. End. Bal. Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Nonmanufacturing Expenses Beg. Bal. End. Bal.

Prepare Lamonda’s cost of goods manufactured report for April.(Round your answers to 2 decimal places.)

	LAMONDA CORP. Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs Cost of GoodsManufactured

Prepare Lamonda’s April income statement. Include any adjustmentto Cost of Goods Sold needed to dispose of over- or underappliedmanufacturing overhead. (Round your answers to 2 decimalplaces.)

	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) fromOperations