need help with income statement

Superior Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $211,000 $269,000 Purchases of raw materials Direct labor $153,000 Administrative expenses Manufacturing overhead applied to work in process $336,000 Total actual manufacturing overhead costs $352,000 inventory balances at the beginning and end of the year were as follows: Beginning of Year End of Year 55,000 36,000 Raw materials Work in process 29.000 $35,000 Finished goods The total manufacturing costs for the year were $685,000; the cost of goods available for sale totaled $745,000; the unadjusted cost of goods sold totaled $667,000; and the net operating income was $39,000 The company's overapplied or underapplied overhead is closed entirely to Cost of Goods Sold. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Required: a. Prepare a schedule of cost of goods manufactured. SUPERIOR COMPANY Schedule of Cost Goods Manufactured Direct materials: s Raw materials inventory, beginning 55.000 Add: Purchase of raw materials 269,000 Raw materials available 324,000 Less: Raw materials inventory, ending 36.000 Raw materials used in production 288,000 Direct labor 61,000