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Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] Superlor Company provided the following data for the

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Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] Superlor Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materlals): Inventory balances at the beginning and end of the year were as follows: The total manufacturing costs added to production for the year were $690,000 : the cost of goods avallable for sale totaled $725,000 : the unodjusted cost of goods sold totaled $665,000 and the not opetating income was $39,000 The company's underapplied of overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods monufactured and cost of goods soid and an income otatement (Fint: Prepare the income statement and schedule of cost of goods soid first followed by the schedule of cost of goods manufactured). Complete this question by entering your answers in the tabs below. the unadjusted cost of goods sold totaled $665,000; and the net operating income was $39,000. 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: Propare the income statement and schedule of cost of goods soid first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. the unadjusted cost of goods sold totaled $665,000; and the net operating income was $39,000. 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. Prepare a schedule of cost of goods sold. atement 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. Prepare a schedule of cost of goods manufactured

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