b$.$ Raw materials used in production, $$86,800$$$74,800$ was direct materials and $$12,000$ was indirect materials$$278,600$$$174,000$ was direct labor, $$40,400$ was indirect labor, and $ $$64,200$ was related to

employees responsible for selling and administration$$53,80085\%$ related to manufacturing equipment and $15\%$ related to assets that

support selling and administration$$55060\%$ related to production, and $40\%$ related to selling and administration$31^($st $)$ is $$7,800\mathrm{.}311^($st $)$ is $$6,450.$$$37,800.$

m$.$ Underapplied or overapplied overhead $$\_(\_())?.$

Problem $3$A$-6($Algo$)$ Transaction Analysis $[$LO$3-5]$

Brooks Corporation uses job$-$order costing to apply manufacturing costs to jobs. The company closes its underapplied or overapplied

overhead to cost of goods sold. Its balance sheet on March $1$ is as follows:

During March the company completed the following transactions:

a$.$ Purchased raw materials for cash, $$71,400.$

b$.$ Raw materials used in production, $$86,800($ $$74,800$ was direct materials and $$12,000$ was indirect materials$).$

c$.$ Paid $$278,600$ of salaries and wages in cash $($ $$174,000$ was direct labor, $$40,400$ was indirect labor, and $$64,200$ was related to

employees responsible for selling and administration$).$

d$.$ Various manufacturing overhead costs paid in cash to support production, $$49,600.$

e$.$ Depreciation on property, plant, and equipment, $$53,800(85\%$ related to manufacturing equipment and $15\%$ related to assets that

support selling and administration$).$

f$.$ Various selling expenses incurred on account, $$36,200.$

g$.$ Prepaid insurance expired, $$550(60\%$ related to production, and $40\%$ related to selling and administration$).$

h$.$ Manufacturing overhead applied to production, $$144,890.$

i$.$ Cost of goods manufactured, $ $?.($Hint: The Work in Process balance on March $31^("$st $")$ is $$7,800.)$

j$.$ Cash sales to customers, $$570,000.$

k$.$ Cost of goods sold $($unadjusted$),$ $ $?.($Hint: The Finished Goods balance at March $31^("$st $")$ is $$6,450.)$

I. Cash payments to creditors, $$37,800.$

m$.$ Underapplied or overapplied overhead $

Required:

Calculate the ending balances reported on the company's balance sheet. $($Hint: Be sure to calculate the underapplied or

overapplied overhead and then account for its affect on the balance sheet.$)$

Prepare Brooks Corporation's schedule of cost of goods manufactured.

Prepare Brooks Corporation's schedule of cost of goods sold.

Prepare Brooks Corporation's income statement. $1.$ Calculate the ending balances reported on the company's balance sheet. $($Hint: Be sure to calculate the underapplied or overapplied overhead and then account for its affect on the balance sheet.$)$

$2.$ Prepare Brooks Corporation's schedule of cost of goods manufactured.

$3.$ Prepare Brooks Corporation's schedule of cost of goods sold.

$4.$ Prepare Brooks Corporation's income statement.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Note: Amounts to be deducted should be indicated by a minus sign.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{21\}\{|$c$|\}\{$Brooks Corporation$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{21\}\{|$c$|\}\{$Transaction Analysis$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{21\}\{|$c$|\}\{$For the Month Ended March $31\}\backslash \backslash$

$\backslash$hline & Transactions & $\backslash$multicolumn$\{2\}\{|$r$|\}\{$Cash$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Raw Materials$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{\backslash$begin$\{$tabular$\}\{$l$\}$

Work in $\backslash \backslash$

Process

$\backslash$end$\{$tabular$\}\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{$Finished Goods$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Manufacturing Overhead$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{$Prepaid Expenses$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$PPE $($net$)\}$ & $=$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{$Accounts Payable$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{$Retained Earnings$\}\backslash \backslash$

$\backslash$hline & Beginning balances at $\backslash (3/1\backslash )$ & $\backslash$$ & $93,000$ & $\backslash$$ & $24,000$ & $\backslash$$ & $22,300$ & & $27,400$ & $\backslash$$ & $0$ & $\backslash$$ & $2,200$ & $\backslash$$ & $269,000$ & $=$ & $\backslash$$ & $12,100$ & $\backslash$$ & $425,800\backslash \backslash$

$\backslash$hline $($a$)$ & Raw material purchases & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($b$)$ & Raw materials used in production & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($c$)$ & Salaries and wages & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($d$)$ & Various manufacturing overhead costs & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($e$)$ & Depreciation & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($f$)$ & Various selling expenses & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($g$)$ & Expiration of prepaid insurance & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($h$)$ & Manufacturing overhead applied & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($i$)$ & Cost of good manufactured & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($j$)$ & Sales & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($k$)$ & Cost of goods sold & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($I$)$ & Payments to creditors & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline $($m$)$ & & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline & Ending balances at $3/31$ & & & & & & & & & & & & & & & $=$ & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}1.$ Calculate the ending balances reported on the company's balance sheet. $($Hint: Be sure to calculate the underapplied or overapplied overhead and then account for its affect on the balance sheet.$)$

$2.$ Prepare Brooks Corporation's schedule of cost of goods manufactured.

$3.$ Prepare Brooks Corporation's schedule of cost of goods sold.

$4.$ Prepare Brooks Corporation's income statement.

Complete this question by entering your answers in the tabs below.

Prepare Brooks Corporation's schedule of cost of goods manufactured.

Brooks Corporation

Schedule of Cost of Goods Manufactured

For the Month Ended March $311.$ Calculate the ending balances reported on the company's balance sheet. $($Hint: Be sure to calculate the underapplied or overapplied overhead and then account for its affect on the balance sheet.$)$

$2.$ Prepare Brooks Corporation's schedule of cost of goods manufactured.

$3.$ Prepare Brooks Corporation's schedule of cost of goods sold.

$4.$ Prepare Brooks Corporation's income statement.

Complete this question by entering your answers in the tabs below.

Required $2$

Required $3$

Required $4$

Prepare Brooks Corporation's schedule of cost of goods sold. $1.$ Calculate the ending balances reported on the company's balance sheet. $($Hint: Be sure to calculate the underapplied or overapplied overhead and then account for its affect on the balance sheet.$)$

$2.$ Prepare Brooks Corporation's schedu