MyPark X Question 6 - Unit 2 Application A X + zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts% Maps F YouTube PioneerWeb - Univ... mypark Course Hero G Google E Feed | Linkedin C chegg Application Assignment i Saved Help Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): ped Selling expenses $ 210, 000 Purchases of raw materials 000 '997 $ DOR Direct labor ? Administrative expenses $ 155, 000 ences Manufacturing overhead applied to work in process $ 364, 000 Actual manufacturing overhead cost $ 353 , 000 Inventory balances at the beginning and end of the year were as follows: Beginning Ending Raw materials $ 53, 000 $ 35, 000 Work in process $ 24, 000 Finished goods $ 32, 000 The total manufacturing costs added to production for the year were $690,000; the cost of goods available for sale totaled $730,000; the unadjusted cost of goods sold totaled $665,000; and the net operating income was $36,000. 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.) mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware A Maps F YouTube PioneerWeb - Univ... A mypark Course Hero G Google E Feed | LinkedIn C chegg plication Assignment i Saved Complete this question by entering your answers in the tabs below. Income COGS COGM Statement Schedule Schedule Prepare an income statement for the year. Superior Company Income Statement 0 Selling and administrative expenses: 0 dent | Student | MyPark X Question 6 - Unit 2 Application A X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmid F YouTube Maps F YouTube PioneerWeb - Univ... mypark Course Hero G Google E Feed | Linkedin C) chegg Unit 2 Application Assignment i Saved 6 Complete this question by entering your answers in the tabs below. 13 Income COGS COGM points Statement Schedule Schedule Skipped Prepare a schedule of cost of goods sold. Superior Company eBook Schedule of Cost of Goods Sold References Adjusted cost of goods sold ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmgh YouTube Maps F YouTube PioneerWeb - Univ... mypark Course Hero G Google E Feed | LinkedIn C chegg Unit 2 Application Assignment i Saved 6 Complete this question by entering your answers in the tabs below. 13 Income COGS COGM points Statement Schedule Schedule Skipped Prepare a schedule of cost of goods manufactured. Superior Company eBook 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 LOGs Schedule