100% Window Help Safari File Edit View History Bookmarks ezto.mheducation.com Chapter 2 Part 2 homework < Homework Help and Textbook Solutions | bartleby Lamonda Corp. uses a job order cost system. On April 1, the accounts had the following balances: $25,000 55,000 60,000 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: $44,000 26,000 15,000 30,000 24,000 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 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 accou View transaction list Journal entry worksheet 8 7 6 5 4 3 2 1 Record the purchase of raw materials on account. 4 29 4,063 SEP W MacBook Pro DD DII esc O00 F1 F2 F 5 F3 F7 F4 F6 F9 F8 F10 # $ & 1 3 2 4 5 6 7 Q W R Y U P tab A D F G H 9LO S
100% Window Help Safari File Edit View History Bookmarks ezto.mheducation.com Chapter 2 Part 2 homework < Homework Help and Textbook Solutions | bartleby Lamonda Corp. uses a job order cost system. On April 1, the accounts had the following balances: $25,000 55,000 60,000 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: $44,000 26,000 15,000 30,000 24,000 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 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 accou View transaction list Journal entry worksheet 8 7 6 5 4 3 2 1 Record the purchase of raw materials on account. 4 29 4,063 SEP W MacBook Pro DD DII esc O00 F1 F2 F 5 F3 F7 F4 F6 F9 F8 F10 # $ & 1 3 2 4 5 6 7 Q W R Y U P tab A D F G H 9LO S
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Chapter 2 Part 2 homework
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Homework Help and Textbook Solutions | bartleby
Lamonda Corp. uses a job order cost system. On April 1, the accounts had the following balances:
$25,000
55,000
60,000
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:
$44,000
26,000
15,000
30,000
24,000
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
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 accou
View transaction list
Journal entry worksheet
8
7
6
5
4
3
2
1
Record the purchase of raw materials on account.
4
29
4,063
SEP
W
MacBook Pro
DD
DII
esc
O00
F1
F2
F 5
F3
F7
F4
F6
F9
F8
F10
#
$
&
1
3
2
4
5
6
7
Q
W
R
Y
U
P
tab
A
D F
G
H
9LO
S
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