Help Save Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost s 290,ee s 180,eee $ 285,000 s 27e,ee Inventory balances at the beginning and end of the year were as follows: Year End of Ye Raw materials Work in process Finished goods rences ?35,800 The total manufacturing costs for the year were $683,000, the cost of goods available for sale totaled $740,000, the of goods sold totaled $660,000; and the net operating income was $30,000. The company's under closed to Cost of Goods Sold applied or overapplied overhead is 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 COGS Income Statement Schedule Schedule compeny s underapplied or overapplied ove Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement (Hint Prepare the incom statement and sched 10 points ule 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 eBook COGS Schedule COGM Schedule Statement Print Prepare an income statement for the year. Superior Company e Statement Next > K Prev 4 of 4 of goods sold totaled $660,000, and the net operating income was $30,000. The company's underapplied or overapplied o closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured) 10 an income statement (Hint Prepare the incon Complete this question by entering your answers in the tabs below COGS COGM Schedule Statement Prepare a schedule of cost of goods sold Superior Q Schedule of Cost of Goods Sold Income Statement