Compute over$-$ or underapplied manufacturing overhead.

Note: Round your answer to $2$ decimal places. Req $1$ and $2$

Req $3$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?

Will Cost of Goods Sold increase or decrease? Req $1$ and $2$

Req $3$a

Req $3$b

Req $4$

Req $5$

Prepare Lamonda's cost of goods manufactured report for April.

Note: Round your answers to $2$ decimal places.

$\backslash$table$[[$LAMONDA CORPORATION$],[$Cost of Goods Manufactured Report,$],[,],[,],[,],[,],[,],[,],[,],[,],[,]]$Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over$-$ or

underapplied manufacturing overhead.

Note: Round your answers to $2$ decimal places.PA$2-1($Algo$)$ Recording Manufacturing and Nonmanufacturing Costs, Preparing the Cost of Goods Manufactured Report and Income Statement $[$LO $2-3,2-4,2-5,2-6]$

Lamonda Corporation 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 Aprill:

a$.$ Purchased materials on account at a cost of $$233,670.$

b$.$ Requisitioned materials at a cost of $$111,300,$ of which $$16,800$ was for general factory use.

c$.$ Recorded unpaid factory labor of $$224,900,$ of which $$42,675$ was indirect.

d$.$ Incurred other costs:

$\backslash$table$[[$Selling expense,$$35,900],[$Factory utilities,$23,100],[$Administrative expenses,$49,850],[$Factory rent,$11,500],[$Factory depreciation,$19,700]]$

e$.$ Applied overhead at a rate equal to $130$ percent of direct labor cost.

f$.$ Completed jobs costing $$262,050.$

g$.$ Sold jobs costing $$323,670.$

h$.$ Recorded sales revenue $($on account$)$ of $$507,000.$

Required:

& $2.$ Post the April transactions to the T$-$accounts and compute the balance in the accounts at the end of April.

$3-$a$.$ Compute over$-$ or underapplied manufacturing overhead.

$3-$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?

Prepare Lamonda's cost of goods manufactured report for Aprill.

Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over$-$ or underapplied manufacturing overhead.

Post the April transactions to the T$-$accounts and compute the balance in the accounts at the end of April.

Note: Post each transaction $($d$)$ cost separately, Round your answers to $2$ decimal places.

$\backslash$table$[[$Raw Materials Inventory$],[$Debit$,$Credit$],[$Beginning Batance,$29,500\backslash$times $0,],[?,,?],[*,,?],[$Ending Helance,,$]]$

$\backslash$table$[[$Finlohed Goods Inventory$],[$Debit$,$Credit$],[$Doginning Dalabtrex,$123,00000,],[-,,?],[2,,],[$Ending Balance:,,$]]$

$\backslash$table$[[$Work in Process Inventory$],[$Dobit$,$Credit$],[$Begirring Balance,$19,10000,],[?,,],[-,,],[,,,],[+,,],[$endira bilence,,$]]$

$\backslash$table$[[$Cost of Goods sold,$],[$Debit$,,$Credit,$],[$Beginning Balance,,,$],[,,,],[,,,],[$Ending Balance,,,$]]$