please explain it step by step

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

materials$)$:

Inventory balances at the beginning and end of the year were as follows:

The total manufacturing costs added to production for the year were $$683,000$; the cost of goods available for sale totaled $$740,000$; the

unadjusted cost of goods sold totaled $$660,000$; and the net operating income was $$30,000.$ 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.$)$