Post the april transactions to the t-accounts

Reference no: EM132212246

Question: 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 $232,370.

(b) Requisitioned materials at a cost of $111,400, of which $15,800 was for general factory use.

(d) Incurred other costs:

Selling expense	$34,900
Factory utilities	24,000
Administrative expenses	51,650
Factory rent	11,100
Factory depreciation	19,600

(e) Applied overhead at a rate equal to 139 percent of direct labor cost.

(f) Completed jobs costing $262,550.

(g) Sold jobs costing $322,870.

(h) Recorded sales revenue of $504,000.

Required: 1. & 2. 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.)

Reference no: EM132212246

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