QUESTION 1 Superior Company provided the following data for the year ended December 31 [all raw materials are used in production as direct materials): Selling expenses $210,000 Purchases of raw materials $266,000 Direct labor ? Administrative expenses $159,000 Manufacturing overhead applied to work in process$372,000 Actual manufacturing overhead cost $357,000 Inventory balances at the beginning and end of the year were as follows: Beginning of YearEnd of Year Raw materials $ 52,000 $ 38,000 Work in process ? $ 23,000 Finished goods $ 35,000 ? The total manufacturing costs for the year were $675,000; the cost of goods available for sale