Brooks Corporation uses job$-$order costing 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 $ $102,000$

Raw materials $ $20,200$

Work in process $16,000$

Finished goods $24,20060,400$

Prepaid expenses $2,560$

Property, plant, and equipment $($net$)239,000$

Total assets $ $403,960$

Liabilities and Stockholders$$ Equity

Accounts payable $ $21,700$

Retained earnings $382,260$

Total liabilities and stockholders$$ equity $ $403,960$

During March the company completed the following transactions:

Purchased raw materials for cash, $$84,800.$

Raw materials used in production, $$101,900($$$84,600$ was direct materials and $$17,300$ was indirect materials$).$

Paid $$220,850$ of salaries and wages in cash $($$$125,250$ was direct labor, $$32,600$ was indirect labor, and $$63,000$ was related to employees responsible for selling and administration$).$

Various manufacturing overhead costs paid in cash to support production, $$55,800.$

Depreciation on property, plant, and equipment, $$47,800(85\%$ related to manufacturing equipment and $15\%$ related to assets that support selling and administration$).$

Various selling expenses incurred on account, $$30,400.$

Prepaid insurance expired, $$640(60\%$ related to production, and $40\%$ related to selling and administration$).$

Manufacturing overhead applied to production, $$143,409.$

Cost of goods manufactured, $$\_\_?$question mark$\_\_.($Hint: The Work in Process balance on March $31$st is $$6,600.)$

Cash sales to customers, $$496,000.$

Cost of goods sold $($unadjusted$),$ $$\_\_?$question mark$\_\_.($Hint: The Finished Goods balance at March $31$st is $$9,550.)$

Cash payments to creditors, $$45,400.$

Underapplied or overapplied overhead $$\_\_?$question mark$\_\_.$

Required:

Calculate the ending balances reported on the company's balance sheet. $($Hint: Be sure to calculate the underapplied or overapplied overhead and then account for its affect on the balance sheet.$)$

Prepare Brooks Corporation$$s schedule of cost of goods manufactured.

Prepare Brooks Corporation$$s schedule of cost of goods sold.

Prepare Brooks Corporation$$s income statement.