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iuperior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct naterials): Invemory balances at

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iuperior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct naterials): Invemory balances at the beginning and end of the year were as follows: The total manufocturing costs added to production for the yeor were $675,000; the cost of goods avallable for sale totaled 5745.000 , the unadjusted cost of goods sold totaled $667,000; and the not operating income was $39,000. The company's underapplied or overappliled overhead is closed to Cost of Goods Soid. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income strtement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured)

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