points skipped eBook Print Refere nces Check my work Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials]: Selling expenses $ 215,866 Purchases of raw materials 5 267,3% Direct labor ? Administrative expenses 5 153,806 Manufacturing overhead applied to work in process $ 378,696 Actual manufacturing overhead cost $ 359,8m Inventory balances at the beginning and end ofthe year were as follows: Beginning Ending Raw materials $ 53,660 5 38,886 Work in process .3 $ 24,666 Finished goods $ 35,669 ? The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $750000; the unadjusted cost of goods sold totaled $661,000: and the net operating income was $38,000. 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. HillCheck my work 3 Requireu. 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.) 5 Complete this question by entering your answers in the tabs below. points O Skipped Income COGS COGM Statement Schedule Schedule eBook Prepare a schedule of cost of goods sold. Print Superior Company References Schedule of Cost of Goods Sold Q + Adjusted cost of goods sold Mc Graw HillCheck my work 3 Income COGS COGM Statement Schedule Schedule 5 Prepare a schedule of cost of goods manufactured. points Superior Company O Skipped Schedule of Cost Goods Manufactured Direct materials: eBook Print References Total raw materials available Q Direct materials used in production + Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Mc Graw Hill