e Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) $ 140,000 $ 290,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 100,000 $285,000 $ 270,000 look Inventory balances at the beginning and end of the year were as follows: Print Raw materials Work in process Finished goods Beginning $ 40,000 2 $ 50,000 Ending $ 10,000 $ 35,000 7 References The total manufacturing costs added to production for the year were $683,000; the cost of goods available for sale totaled $740,000: the unadjusted cost of goods sold totaled $660,000; and the net operating income was $30,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Income Statement COGS Schedule COGM Schedule Prepare an income statement for the year. Superior Coman 2 10 points The total manufacturing costs added to production for the year were $683.000; the cost of goods available the unadjusted cost of goods sold totaled $660,000; and the net operating income was $30,000. The comp overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint Pre statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) eBook Complete this question by entering your answers in the tabs below. Print Income Statement COGS Schedule COGM Schedule References Prepare an income statement for the year. Superior Company Income Statement Sales Selling and administrative expenses COOS Schedule > Mc Graw 2 10 points The total manufacturing costs added to production for the year were $683,000; the cost of goods avai the unadjusted cost of goods sold totaled $660,000; and the net operating income was $30,000. The overapplied overhead is closed to cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hi statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactu Book Complete this question by entering your answers in the tabs below. Print Income Statement COGS Schedule COGM Schedule - References Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold Adjusted cost of goods sold Mc Graw 2 overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint Prepare statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) 10 points Complete this question by entering your answers in the tabs below. eBook Income Statement COGS Schedule COGM Schedule Prepare a schedule of cost of goods manufactured. Print Superior Company Schedule of Cost Goods Manufactured References Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured e Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) $ 140,000 $ 290,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 100,000 $285,000 $ 270,000 look Inventory balances at the beginning and end of the year were as follows: Print Raw materials Work in process Finished goods Beginning $ 40,000 2 $ 50,000 Ending $ 10,000 $ 35,000 7 References The total manufacturing costs added to production for the year were $683,000; the cost of goods available for sale totaled $740,000: the unadjusted cost of goods sold totaled $660,000; and the net operating income was $30,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Income Statement COGS Schedule COGM Schedule Prepare an income statement for the year. Superior Coman 2 10 points The total manufacturing costs added to production for the year were $683.000; the cost of goods available the unadjusted cost of goods sold totaled $660,000; and the net operating income was $30,000. The comp overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint Pre statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) eBook Complete this question by entering your answers in the tabs below. Print Income Statement COGS Schedule COGM Schedule References Prepare an income statement for the year. Superior Company Income Statement Sales Selling and administrative expenses COOS Schedule > Mc Graw 2 10 points The total manufacturing costs added to production for the year were $683,000; the cost of goods avai the unadjusted cost of goods sold totaled $660,000; and the net operating income was $30,000. The overapplied overhead is closed to cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hi statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactu Book Complete this question by entering your answers in the tabs below. Print Income Statement COGS Schedule COGM Schedule - References Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold Adjusted cost of goods sold Mc Graw 2 overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint Prepare statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) 10 points Complete this question by entering your answers in the tabs below. eBook Income Statement COGS Schedule COGM Schedule Prepare a schedule of cost of goods manufactured. Print Superior Company Schedule of Cost Goods Manufactured References Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured