Question: lamonda corp uses a job order cost system on april...
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 $232,770.
(b) Requisitioned materials at a cost of $112,000, of which $15,200 was for general factory use.
(c) Recorded factory labor of $224,000, of which $42,575 was indirect.
(d) Incurred other costs:
(e) Applied overhead at a rate equal to 126 percent of direct labor cost.
(f) Completed jobs costing $262,650.
(g) Sold jobs costing $323,670.
(h) Recorded sales revenue of $517,000.
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.)
Is it right? or something wrong?