2 TB Problem Qu. 3A-19 (Algo) Sandra Corporation uses a job-order... Sandra Corporation uses a job order costing system to assign manufacturing costs to jobs. At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold. Its balance sheet on January 1 appears below: 10 points 012205 Sandra Corporation Balance Sheet January 1 Assets Canh Raw materials work in process Finished goods Property, plant, and equipment (net) Total assets $17.200 $ 7,200 11,200 16,200 34,600 218,200 $270,000 Book Liabilities and Stockholders' Equity Retained earnings Total liabilities and stockholders' equity $270,000 5270,000 Summaries of the transactions completed during January appear below. (1) Raw naterials purchased for cash (2) Raw materials used in production direct materials (3) Raw materials used in production (indirect materiais) (4) Direct labor paid in cash (5) Indirect labor paid in canh (6) Selling and administrative salaries paid in cash (7) Factory utility conte paid in cash 18 Depreciation on PE-manufacturing equipment (9) Depreciation on PPE--selling and administration (10) Advertising expenses paid in canh (11) Manufacturing overhead applied to production (12) Cost of goods manufactured (13) Cash wales (14) Cost of goods sold (15) Overapplied (underapplied) overhead $ 81,200 $ 64,200 $ 10,100 $ 77,200 5 21,200 5 39,200 $ 15,200 $ 10,20 $3,200 $ 15,200 $ 58,600 5193,200 $282,000 $204,200 2 Mc Required: Complete the spreadsheet below. (Negative or Deductible amounts should be entered with a minus sign.) Transactions Cash Row Materials Work in Process Finished Manufacturing PP&E Goods Overhead (net) Retained Earnings Beginning balances, January 1 (1) Raw materiale purchased for cash (2) Raw materials used in production (direct materials) Raw materials used in production (indirect materials) (4) Direct labor paid in cash (5) Indirect labor paid in cash (5) Belling and administrative salaries paid in cash Factory will cost paid in cash (a) Depreciation on PPSE-manufacturing equipment (9) Depreciation on PPAE-seling and administration (10) Advertising expenses paid in cash (1) Manufacturing overhead applied to production (12) Cost of goods manufactured (13) Cash sale (14) Cost of goods sold (15) Overapplied funderapplied) overhead Ending balances at January 31