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Lamonda 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 $233,570. (b) Requisitioned materials at a cost of $110,700, of which $15,500 was for general factory use. (c) Recorded factory labor of $224,200, of which $42,075 was indirect. (d) Incurred other costs: Selling expense $35,300 Factory utilities 23,700 Administrative expenses 50,450 Factory rent 11,200 Factory depreciation 19,500 (e) Applied overhead at a rate equal to 136 percent of direct labor cost. (f) Completed jobs costing $262,650. (g) Sold jobs costing $323,170. (h) Recorded sales revenue of $516,000. 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.) Req 1 and 2 Req 3a Req 3b Req 4 Req 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 separately. Round your answers to 2 decimal places.) Raw Materials Inventory Beg. Bal. 28,600.00 End. Bal. 28,600.00 Work in Process Inventory Beg. Bal. 19,800.00 End. Bal. 19,800.00 Finished Goods Inventory Manufacturing Overhead Beg. Bal. 124,300.00 Beg. Bal. End. Bal. 124,300.00 End. Bal. Cost of Goods Sold Sales Revenue Beg. Bal. Beg. Bal. End. Bal. 0.00 End. Bal. 0.00 0.00 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 < Req 1 and 2 Req 3b > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3a Req 3b Reg 4 Req 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? Increase Decrease < Req 3a Req 4 > 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 decimal places.) LAMONDA CORP. Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs $ 0.00 Cost of Goods Manufactured < Req 3b Req 5 > Complete uis question by entering your answers in me laps delow. Req 1 and 2 Req 3a Req 3b Req 4 Req 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.) Cost of Goods Sold LAMONDA CORP. Income Statement For the Month of April Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Net Income (Loss) from Operations < Req 4 Req 5

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