owing acublances for the year ended December 31 (al raw 219.000 264 000 Direct a 156.000 336.000 Inventory bailances at the beginning and end of the year were as follows Beginning of Year End of Year Raw materials Work in process Finished goods 56.000 $33,000 ? $ 26,000 34,000 The total manufacturing costs for the year were $690,000, the cost of goods available for sale totaled 720,000, the unadjusted cost of goods sold totaled $667,000; and the net operating income was $40 The company's overapplied or underapplied overhead is closed entirely to Cost of Goods Sold Prepare a schedule of cost of goods manufactured. SUPERIOR COMPANY Schedule of Cost Goods Manufactured Direct materials: Raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured SUPERIOR COMPANY Schedule of Cost of Geeds Sold Adjusted cost of goods sold an income statement for the year C. SUPEROIR COMPANY Income Statement Selling and administrative expenses