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: Sandra Corporation Balance Sheet January 1 Assets: Cash $ 17,300 Raw materials Work in process $ 7,300 11,300 16,300 Finished goods 34,900 218,300 Property, plant, and equipment (net) Total assets $ 270,500 Liabilities and Stockholders' Equity: Retained earnings $ 270,500 Total liabilities and stockholders' equity $ 270,500 Summaries of the transactions completed during January appear below: (1) Raw materials purchased for cash $ 81,300 (2) Raw materials used in production (direct materials) $ 64,300 $ 10,150 (3) Raw materials used in production (indirect materials) (4) Direct labor paid in cash $ 77,300 (5) Indirect labor paid in cash $ 21,300 (6) Selling and administrative salaries paid in cash $ 39,300 (7) Factory utility costs paid in cash (8) Depreciation on PPE--manufacturing equipment $ 15,300 $ 10,300 $3,300 (9) Depreciation on PPE--selling and administration (10) Advertising expenses paid in cash $ 15,300 (11) Manufacturing overhead applied to production $ 58,900 (12) Cost of goods manufactured $ 193,300 (13) Cash sales $ 284,000 (14) Cost of goods sold $ 204,300 ? (15) Overapplied (underapplied) overhead Required: Complete the spreadsheet below. (Negative or Deductible amounts should be entered with a minus sign.) Transactions Cash Raw Work in Finished Manufacturing PP&E Materials Process Goods Overhead (net) 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 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) Overapplied (underapplied) overhead Ending balances at January 31 = = =r = = E =[ E = = =[ |=1 =[ Retained Earnings