Question

M McGr Cours Lamonda Corp uses a job order cost system On Aprl 1, the accounts had balances as shown in the accounts below he toliowing transactions occurred during Apr (b) Requistioned materials at a cost of $110,800, of which $15,800 was for general factory use (d) Incursed other costs Purchased matenals on account at a cost of $232,870 Recorded factory labor of $224,800, of which $42,075 was indirect $34.500 actory ulities dministrative expernes 23,400 50 050 Factory rent 19,500 Appled overthead at a rate equal to 132 percent of drect labor cost Completed jobs costing $263,050 Sold jobs costing $323,170 h) Recorded sales revenue of $513,000 Required 1. &2. Posit the Aprl transactions to the T accounts and compute the balance in the accounts at the end of April (Round your answers to 2 decimal places Beg Bal 8,300 00 Beg Bal End Bal Beg Bal End Bal Deg Ba Beg Bal Beg Ba o B
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Raw material inventory
Event Debit Event Credit
Beg. Bal. $28,300.00 b $95,000.00
a $232,870.00
End Bal $166,170.00
Work In Process Inventory
Event Debit Event Credit
Beg. Bal. $18,400.00 f $263,050.00
b $95,000.00
c $182,725.00
e $241,197.00
End Bal $274,272.00
Finished goods inventory
Event Debit Event Credit
Beg. Bal. $123,200.00 g $323,170.00
f $263,050.00
End Bal $63,080.00
Manufacturing overhead
Event Debit Event Credit
Beg. Bal. e $241,197.00
b $15,800.00
c $42,075.00
d $23,400.00
d $11,300.00
d $19,500.00
End Bal $129,122.00
Cost of goods sold
Event Debit Event Credit
Beg. Bal.
g $323,170.00
End Bal $323,170.00
Selling and Administrative Expenses
Event Debit Event Credit
Beg. Bal.
d $34,500.00
d $50,050.00
End Bal $84,550.00
Sales revenue
Event Debit Event Credit
Beg. Bal.
h $513,000.00
End Bal $513,000.00

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