Chapter 2 Homework Help Save & Exit Submis 20 Check my work 7 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 125 points (a) Purchased materials on account at a cost of $233,270 Skaped (c) Recorded factory labor of $224,000, of which $43.275 was indirect (b) Requisitioned materials at a cost of $110,700, of which $15,200 was for general factory use. (a) Incurred other costs eBook Selling expense $34,700 Print Factory utilities 24,600 Administrative expenses 51,450 References Factory rent 11,500 Factory depreciation 19,600 (e) Applied overhead at a rate equal to 136 percent of direct labor cost (f) Completed jobs costing $263,450. (g) Sold jobs costing $323,170 (h) Recorded sales revenue of $515,000. Required: 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.)