Brooks Corporation uses a job-order costing system to apply manufacturing costs to jobs. The company closes its underapplied or overapplied overhead to cost of goods sold. Its balance sheet on March 1 is as follows:

Brooks Corporation Balance Sheet March 1
Assets
Cash		$ 83,000
Raw materials	$18,000
Work in process	14,000
Finished goods	22,000	54,000
Prepaid expenses		1,800
Property, plant, and equipment (net)		175,000
Total assets		$313,800
Liabilities and Stockholders Equity
Accounts payable		$ 12,000
Retained earnings		301,800
Total liabilities and stockholders equity		$313,800

During March the company completed the following transactions:

Purchased raw materials for cash, $69,000.

Raw materials used in production, $77,000 ($67,000 was direct materials and $10,000 was indirect materials).

Paid $178,000 of salaries and wages in cash ($102,000 was direct labor, $23,000 was indirect labor, and $53,000 was related to employees responsible for selling and administration).

Various manufacturing overhead costs paid in cash to support production, $41,000.

Depreciation recorded on property, plant, and equipment, $35,000 (85% related to manufacturing equipment and 15% related to assets that support selling and administration).

Various selling expenses incurred on account, $27,000.

Prepaid insurance expired during the month, $450 (60% related to production, and 40% related to selling and administration).

Manufacturing overhead applied to production, $101,000.

Cost of goods manufactured, $__?__. (Hint: The Work in Process balance on March 31 is $5,000.)

Cash sales to customers, $429,000.

Cost of goods sold (unadjusted), $__?__. (Hint: The Finished Goods balance at March 31 is $6,000.)

Cash payments to creditors, $35,000.

Underapplied or overapplied overhead $__?__.

Required:

Calculate the ending balances that would be reported on the companys balance sheet at March 31. You can derive your answers using Microsoft Excel and Exhibit 3A2 as your guide, or you can use paper, pencil, and a calculator. (Hint: Be sure to calculate the underapplied or overapplied overhead and then account for its affect on the balance sheet.)

Prepare Brooks Corporations schedule of cost of goods manufactured for the month ended March 31. You can derive your answers using Microsoft Excel and Exhibit 3A3 as your guide, or you can use paper, pencil, and a calculator.

Prepare Brooks Corporations schedule of cost of goods sold for the month ended March 31. You can derive your answers using Microsoft Excel and Exhibit 3A4 as your guide, or you can use paper, pencil, and a calculator.

Prepare Brooks Corporations income statement for the month ended March 31. You can derive your answers using Microsoft Excel and Exhibit 3A5 as your guide, or you can use paper, pencil, and a calculator.