Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement (LO3-3) Supetlor Company provided the following cota for the year ended December 31 (all raw materials are used in production as direct materials) $ 212,000 $265.000 Selling wxpenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead pplied to work in process Actual manufacturing overhead cost $ 153,000 5172,000 $352,000 Inventory balances at the beginning and end of the year were as follows tekining 10,000 In materials Work in process Finished goods Andana $70,000 $ 27.00 33,000 The total manufacturing costs added to production for the year were $670.000; the cost of goods available for sale totaled $720.000 the unadjusted cost of goods sold totaled 5664,000, and the net operating income was 8000. The company's underpedo 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 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. Income Statement COGS Schedule COGM Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses COGS Schedule > 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. Income Statement COGS Schedule Schedule Prepare a schedule of cost of goods sold Superior Company Schedule of Cost of Goods Sold Adausted cost of goods sold Income Statement COGM Schedule > Complete this question by entering your answers in the tabs below. Income Statement COGS Schedule COGM Schedule Prepare a schedule of cost of goods manufactured, Superior Company Schedule of Cost Goods Manufactured Direct materials Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured