Question: Help, and it would really help me if you could explain what you plugged in to get the answers. Thanks Lamonda Corp. uses a job

Help, and it would really help me if you could explain what you plugged in to get the answers. Thanks

Help, and it would really help me if you could explain whatyou plugged in to get the answers. Thanks Lamonda Corp. uses ajob order cost system. On April 1, the accounts had balances asshown in the T-accounts below: The following transactions occurred during April: (a)Purchased materials on account at a cost of $233,270. (b) Requisitioned materialsat a cost of $110,300, of which $16,500 was for general factoryuse. (c) Recorded factory labor of $223,800, of which $42,575 was indirect.(d) Incurred other costs: Selling expense Pactory utilities Administrative expenses Factory rent

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 $233,270. (b) Requisitioned materials at a cost of $110,300, of which $16,500 was for general factory use. (c) Recorded factory labor of $223,800, of which $42,575 was indirect. (d) Incurred other costs: Selling expense Pactory utilities Administrative expenses Factory rent Pactory depreciation $34,500 24,000 51,450 11,500 19,200 (e) Applied overhead at a rate equal to 131 percent of direct labor cost. (f) Completed jobs costing $263,150. (g) Sold jobs costing $323,470. (1) Recorded sales revenue of $504,000. 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.) LAMONDA CORP Income Statement For the Month of April Cost of Goods Sold Less: Cost of Goods Manufactured Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Net Income (Loss) from Operations

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