PROBLEM $3-13$ 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 $....$

Admini$$rative expenses. $..$

Manufacturing overhead applied to work in process

Actual manufacturing overhead cost $...$

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

$\backslash$table$[[,$Beginning,Ending$],[$Raw materials.,$$40,000,$$$10,000$