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Please do the following charts Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as

Please do the following charts

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Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $ 215,060 Purchases of raw materials $ 269,000 Direct labor Administrative expenses $ 158, 060 Manufacturing overhead applied to work in process $ 365, 000 Actual manufacturing overhead cost $ 354,000 Inventory balances at the beginning and end of the year were as follows: Beginning Ending Raw materials $ 56,000 $ 40,090 Work in process $ 25,090 Finished goods $ 32, 000 The total manufacturing costs added to production for the year were $685,000, the cost of goods available for sale totaled $750,000, the unadjusted cost of goods sold totaled $663,000; and the net operating income was $32,000. 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. O D COGS COGM 2023-03-23... . .. 100% 2023-03-23.. 81% Income Statement Schedule Schedule Prepare an income statement for the year. Prepare a schedule of cost of goods manufactured. Superior Company Superior Company Prepare a schedule of cost of goods sold. Schedule of Cost Goods Manufactured Income Statement Superior Company Schedule of Cost of Goods Sold Direct materials Total raw materials available Selling and administrative expenses. Direct materials used in production Total manufacturing costs added to production Adjusted cost of goods sold Total manufacturing costs to account for Cost of goods manufactured

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