Problem 2-23A Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO2-6] Superior Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $ 219,000 Purchases of raw materials $ 268,000 Direct labor ? Administrative expenses $ 158,000 Manufacturing overhead applied to work in process $ 335,000 Total actual manufacturing overhead costs $ 356,000 Inventory balances at the beginning and end of the year were as follows: Beginning of Year End of Year Raw materials $ 57,000 $ 30,000 Work in process ? $ 25,000 Finished goods $ 33,000 ? The total manufacturing costs for the year were $685,000; the cost of goods available for sale totaled $735,000; the unadjusted cost of goods sold totaled $666,000; and the net operating income was $39,000. The companys overapplied or underapplied overhead is closed entirely to Cost of Goods Sold. Required: a. Prepare a schedule of cost of goods manufactured.