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prepare all three (income,cogs,cogm) 3 Superior Company provided the following date for the year ended December 31 toll raw materials are used in production os

image text in transcribed prepare all three (income,cogs,cogm)
3 Superior Company provided the following date for the year ended December 31 toll raw materials are used in production os direct materials Selling expenses Purchases of raw materials Direct labor ministrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost 214,000 $ 200,000 1. 5 de $350,00 Hock Prin Joventory balances at the beginning and end of the year were as follows: Beginning Edhe Raw naberials $ 59,000 $31.000 Work in process $ 27.000 Finished goods $ 12,900 The total manufacturing costs added to production for the year were $675.000, the cost of goods avallable for sale totale $ 730,000 the unadjusted cost of goods sold totaled $666.000 and the net operating income was $35.000 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 old and an income statement Mint Prepare the income statement and schedule of cont of goods sold first followed by the schedule of cost of good manufactured) Complete this question by entering your answers in the tabs below. Inco COGS Schedule Schedule Prepare an income statement for the you Superior Company Income Statement Cost of goods sold CONS margin Seling Schnepers Nam S214.000 151000 0.000 COGS Schedule>

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