Problem $3-13($Algo$)$ Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement $[$LO$3-3]$

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

Selling expenses

Purchases of raw materials

Direct labor

Administrative expenses

Manufacturing overhead applied to work in process

Actual manufacturing overhead cost

$$,215,000$

$$,267,000$

$,?$

$$,160,000$

$$,371,000$

$$,354,000$

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

$\backslash$table$[[,$Beginning,Ending$],[$Raw materials,$$51,000,$$$33,000$