Question: prepare a schedule of costs of goods manufactured AND a costs of goods sold section of the companys income statement of the year

Sed Help Say Selected account balances for the year ended December 31 are provided below for Superior Company Selling and administrative salaries Insurance, Factory Utilities, factory Purchases of raw materials Indirect labour Direct labour Advertising expense Cleaning supplies, factory Sales connaissions Rent, factory building Maintenance, factory $115,000 7,500 65,300 ? 66,000 36,500 70,200 3,400 39,500 135,000 30,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning of the Year $63,200 2 45,000 End of the Year $18,200 39,100 68.000 The total manufacturing costs for the year were $724,000, and the cost of goods sold totalled $674,000