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Lamonda Corp. uses a job order cost system. On April 1, the accounts had the...

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Accounting

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Lamonda Corp. uses a job order cost system. On April 1, the accounts had the following balances: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $25,000 55,000 60,000 The following transactions occurred during April (a) Purchased materials on account at a cost of $136,000. (b) Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. (c) Recorded factory labor of $155,000, of which $24,000 was indirect. (d) incurred other costs: (Hint Use Miscellaneous Accounts for the total of all costs incurred). Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $44,000 26,000 15,000 30,000 24,000 (e) Applied overhead at a rate equal to 135 percent of direct labor cost. Completed jobs costing $375,000. (g) Sold jobs costing $402,000. m) Recorded sales revenue of $500,000 Required: Prepare all of Lamonda's necessary Journal entries for the month of April. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

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