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Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] Superior 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] Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Beginning and ending inventory balances were as follows: The total manufacturing costs added to production for the year were $675.000, the cost of goods available for sale totaled $745,000, the unadjusted cost of goods sold totaled $667,000; and the net operating income was $38,000. The company's underapplied of overapplied overhead is closed to Cost of Goods Sold: Required: Prepare schedules of cost of goods manutactured and cost of goods sold and an income statemert (Hint Prepare the income statement and scheduie of cost of goods soid first followed by the schedule of cost of goods manufactured) Complete this question ty entering your answers in the tabs below. Prepare a 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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