Assets: Cash Raw materials Gilkison Corporation Balance Sheet October 1 $ 10,300 Work in process Finished goods Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity: Accounts payable Retained earnings Total liabilities and stockholders' equity $ 4,300 15,300 19,300 Summaries of the transactions completed during October appear below: (1) Raw materials purchased on account (2) Raw materials used in production (direct materials) (3) Raw materials used in production (indirect materials) (4) Direct labor paid in cash (5) Indirect labor paid in cash (6) Selling and administrative salaries paid in cash (7) Factory utility costs (on account) (8) Depreciation on PPE--manufacturing equipment (9) Depreciation on PPE--selling and administration (10) Advertising expenses paid in cash (11) Manufacturing overhead applied to production (12) Cost of goods manufactured (13) Cash sales (14) Cost of goods sold (15) Cash payments to creditors (16) Overapplied (underapplied) overhead 38,900 229,300 $ 278,500 $ 15,150 263,350 $ 278,500 $ 66,300 $ 50,300 $ 7,150 $ 95,300 $ 25,300 $ 30,300 $ 12,300 $ 10,300 $ 2,150 $ 15,300 $ 57,900 $ 196,300 $ 275,000 $ 205,300 $ 81,300 ?