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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 $25,000 55,000 60,000 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 Administrative expenses Factory rent Factory depreciation $44,000 26,000 15,000 3 , 24,000 (e) Applied overhead at a rate equal to 135 percent of direct labor cost. (1) Completed jobs costing $375,000. (9) Sold jobs costing $402,000. (h) Recorded sales revenue of $500,000. Journal entry worksheet Record the purchase of raw materials on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet Record the Requisition of raw materials. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal Journal entry worksheet Record Lamonda Corp's payroll costs due but not paid. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 3 3 4 5 5 6 7 8 > Record the actual other costs incurred and paid. Note: Enter debits before credits. General Journal Debit Credit Transaction d Record entry Clear entry View general journal Journal entry worksheet Record the application of manufacturing overhead to production. Note: Enter debits before credits. Transaction General Journal Debit Credit e Record entry Clear entry View general journal Journal entry worksheet Record the transfer of work in process inventory to finished goods inventory. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet

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