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 Assets: Cash Raw materials Work in process Finished goods Property, plant, and equipment (net) Total assets $10,200 $ 4,200 15,200 19,200 38, 600 229,200 $278,000 Liabilities and Stockholders' Equity: Accounts payable Retained earnings Total liabilities and stockholders' equity $ 15,100 262,900 $278,000 Summaries of the transactions completed during April appear below: (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 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) Cash payments to creditors (16) Overapplied (underapplied) overhead $ 66,200 50,200 $ 7,100 $ 95,200 $ 25,200 30,200 ? 12,200 10,200 $ 2,100 ? 15,200 $57,600 $196,200 $273,000 $205,200 $ 81,200