HIIV Uly Udidiile alle veynlly anu elu Uile yedi were as TUTUWS. Raw materials Work in process Finished goods Beginning $ 40,000 2 $ 50,000 Ending $ 10,000 $ 35,000 ? 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. es Income COGS COGM Statement Schedule Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses HIIV Uly Udidiile alle veynlly anu elu Uile yedi were as TUTUWS. Raw materials Work in process Finished goods Beginning $ 40,000 2 $ 50,000 Ending $ 10,000 $ 35,000 ? 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. es Income COGS COGM Statement Schedule Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses