Answer Happy

ces Lamonda Corp. uses a job order cost system. On April 1, the accounts had the following balances: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory 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: (Hint: Use Miscellaneous Accounts for the total of all costs incurred). Selling expense Factory utilities. $25,000 55,000 60,000 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. (1) Completed jobs costing $375,000. Inl Sold inhe encting $403 000

Book Print rences Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation. (e) Applied overhead at a rate equal to 135 percent of direct labor cost. (f) Completed jobs costing $375,000. (g) Sold jobs costing $402,000. (h) Recorded sales revenue of $500,000. View transaction list Required: Prepare all of Lamonda's necessary journal entries for the month of April. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) $44,000 26,000 1 15,000 30,000 24,000 Journal entry worksheet 2 3 4 5 6 7 8

os View transaction list Journal entry worksheet < 2 Transaction Note: Enter debits before credits. a 3 Record the purchase of raw materials on account. Record entry 4 5 General Journal 6 Clear entry 7 8 Debit Credit View general journal

View transaction list Journal entry worksheet < N Transaction b 3 Record the Requisition of raw materials. Note: Enter debits before credits. Record entry 4 General Journal Clear entry 5 B Debit Credit View general journal

View transaction list Journal entry worksheet < 1 2 Transaction C 3 Note: Enter debits before credits. Record entry 4 5 Record Lamonda Corp's payroll costs due but not paid. General Journal 6 Clear entry 7 Debit Credit View general journal

< 1 2 3 Note: Enter debits before credits. Transaction d Record entry A Record the actual other costs incurred and paid. 5 General Journal 6 7 8 Clear entry Debit Credit View general journal

es < 1 2 3 Note: Enter debits before credits. Transaction e Record entry d 5 Record the application of manufacturing overhead to production. General Journal 6 Clear entry 7 Debit Credit View general journal

1 2 Transaction 3 Note: Enter debits before credits. Record entry 4 LO 5 Record the transfer of work in process inventory to finished goods inventory. General Journal 6 Clear entry 7 8 Debit Credit View general journal

< 1 2 Transaction 9 3 Note: Enter debits before credits. Record entry 4 Record the transfer of finished goods inventory account to cost of goods sold. General Journal 7 Clear entry 8 Debit Credit View general journal

bes 2 Record the sales revenue earned on account. Note: Enter debits before credits. Transaction h 4 Record entry General Journal Clear entry 7 8 Debit Credit View general journal