TB Problem Qu. 3A-23 (Algo) Tiehen Corporation uses a job-order...

Tiehen 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 April 1 appears below:

Tiehen Corporation Balance Sheet April 1
Assets:
Cash		$ 10,350
Raw materials	$ 3,350
Work in process	15,350
Finished goods	19,350	38,050
Property, plant, and equipment (net)		229,350
Total assets		$ 277,750
Liabilities and Stockholders' Equity:
Accounts payable		$ 15,175
Retained earnings		262,575
Total liabilities and stockholders' equity		$ 277,750

Summaries of the transactions completed during April appear below:

(1) Raw materials purchased on account	$ 66,350
(2) Raw materials used in production (direct materials)	$ 50,350
(3) Raw materials used in production (indirect materials)	$ 7,175
(4) Direct labor paid in cash	$ 95,350
(5) Indirect labor paid in cash	$ 25,350
(6) Selling and administrative salaries paid in cash	$ 30,350
(7) Factory utility costs (on account)	$ 12,350
(8) Depreciation on PPE--manufacturing equipment	$ 10,350
(9) Depreciation on PPE--selling and administration	$ 2,175
(10) Advertising expenses paid in cash	$ 15,350
(11) Manufacturing overhead applied to production	$ 58,050
(12) Cost of goods manufactured	$ 196,350
(13) Cash sales	$ 276,000
(14) Cost of goods sold	$ 205,350
(15) Cash payments to creditors	$ 81,350
(16) Overapplied (underapplied) overhead	?

Required:

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

Transactions Beginning balances, April 1 (1) Raw materials purchased on account (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 (on account) (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) Cash payments to creditors (16) Overapplied (underapplied) overhead Ending balances at April 30 Cash Raw Materials Finished Manufacturing PPE (net) Overhead Work in Process Goods Accounts Retained Payable Earnings