Help Save & Exit Submit Gilkison 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 October 1 appears below: Gilkison Corporation Balance Sheet October 1 2025 Assetas Cash Raw materials Work in process Finished goods Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Accounts payable Retained earnings Total liabilities and stockholders' equity Summaries of the transactions completed during October appear below: (1) Raw materials purchased on account (2) Raw materials used in production (direct aaterials) (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 PP45-manufacturing equipment (9) Depreciation on PPSB-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) Over applied (underapplied) overhead Required: 66,100 50,100 7,050 $95,100 $25,100 $ 30,100 $ 12,100 1 $10,100 $2,050 15,100 $57,300 $196.100 $271,000 $205,100 $1,100 $10,100 $4,100 15.100 19,100 38,300 229,100 $277,500 $15,050 262,450 $277,500 Student Home Mail-Lamb, Laur Rosary novenas to Overdrive P Music and Podcas. Speed Reading Reading List Help Save & Ext Submit Required: a. Complete the spreadsheet below. b. Prepare a Schedule of Cost of Goods Sold for the company for October c. Prepare an Income Statement for the company for October Complete this question by entering your answers in the table below. Required A Required B Required C Complete the spreadsheet below. (Negative or Deductible amounts should be entered with a minus sign.) Transactions Beginning balances, October 1 (1) Raw materials purchased on account (2) Raw materials used in production (direct materials) C) Raw materials used in production (indirect materials) (4) Direct labor paid in cash (5) Indirect labor paid in cash (6) Belling and administrative salaries paid in cash (7) Factory utility costs (on account) R) Depreciation on PP&E-manufacturing equipment (9) Depreciation on PPAE-selling and administration (10) Advertising expenses paid in cash (1) Manufacturing overhead applied to production (12) Cost of goods manufactured Cash Raw Materials Work in Process Finished Goods Manufacturing Overhead PPAE Accounts Retamed Payable Earnings Complete this question by entering your answers in the table below. Required A Required B Required C Complete the spreadsheet below. (Negative or Deductible amounts should be entered with a minus sign.) Transactions Beginning balances, October 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 (0) Selling and administrative salaries paid in cash (7) Factory utility costs (on account) 08) 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 (58) Overapplied (underapplied) overhead Ending balances at October 311 Help Save & Exit Submit Cash Raw Materials Work in Process Finished Goods Manufacturing Overhead PP&E) Accounts Retained Payable Earnings Prov Next + Required S T