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:

Sandra Corporation Balance Sheet January 1
Assets:
Cash				$	18,000
Raw materials	$	8,000
Work in process		12,000
Finished goods		17,000			37,000
Property, plant, and equipment (net)					219,000
Total assets				$	274,000
Liabilities and Stockholders' Equity:
Retained earnings				$	274,000
Total liabilities and stockholders' equity				$	274,000

Summaries of the transactions completed during January appear below:

(1)	Raw materials purchased for cash	$	82,000
(2)	Raw materials used in production (direct materials)	$	65,000
(3)	Raw materials used in production (indirect materials)	$	10,500
(4)	Direct labor paid in cash	$	78,000
(5)	Indirect labor paid in cash	$	22,000
(6)	Selling and administrative salaries paid in cash	$	40,000
(7)	Factory utility costs paid in cash	$	16,000
(8)	Depreciation on PP&E--manufacturing equipment	$	11,000
(9)	Depreciation on PP&E--selling and administration	$	4,000
(10)	Advertising expenses paid in cash	$	16,000
(11)	Manufacturing overhead applied to production	$	61,000
(12)	Cost of goods manufactured	$	194,000
(13)	Cash sales	$	298,000
(14)	Cost of goods sold	$	205,000
(15)	Overapplied (underapplied) overhead		?

Complete the spreadsheet below. (Negative or Deductible amounts should be entered with a minus sign.)

	Transactions	Cash	Raw Materials	Work in Process	Finished Goods	Manufacturing Overhead	PP&E (net)	=	Retained Earnings
	Beginning balances, January 1							=
(1)	Raw materials purchased for cash							=
(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 paid in cash							=
(8)	Depreciation on PP&E--manufacturing equipment							=
(9)	Depreciation on PP&E--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)	Overapplied (underapplied) overhead							=
	Ending balances at January 31	0	0	0	0	0	0		0