Question: Please finish the problems w shows what is correct and incorrect for the work you have completed so far of the work you have done
w shows what is correct and incorrect for the work you have completed so far of the work you have done so far is correct, you may not have completed everything 0.64 points 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 $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 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. h) Recorded sales revenue of $500,000 Required 1. & 2. Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April Answer is not complete. Raw Materials Inventory Work in Process Inventory Beg. Bai. 25,000 Beg. Bal. 55,000 sc go F3 DoD F1 F8 4
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