Reference no: EM132632287

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 $232,970.

(b) Requisitioned materials at a cost of $111,800, of which $16,600 was for general factory use.

(c) Recorded factory labor of $224,900, of which $42,075 was indirect.

(d) Incurred other costs:

Selling expense $34,300

Factory utilities 24,400

Administrative expenses 50,250

Factory rent 11,000

Factory depreciation 20,100

(e) Applied overhead at a rate equal to 125 percent of direct labor cost.

(f) Completed jobs costing $262,150.

(g) Sold jobs costing $323,870.

(h) Recorded sales revenue of $510,000.

Required:

Question 1: Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Round your answers to 2 decimal places