TB Problem Qu. 3A-19 (Algo) Sandra Corporation uses a Job-order... 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 appears below: Sandra Corporation Balance Sheet January 1 Assets: Cash Raw materials $ 17,300 $ 7,300 Work in process Finished goods Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity: Retained earnings Total liabilities and stockholders' equity 11,300 16,300 34,900 218,300 $270,500 Summaries of the transactions completed during January appear below: (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 $ 270,500 $270,500 $ 81,300 $ 64,300 $ 10,150 $ 77,300 $ 21,300 $39,300