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(Schedules of Cost of Goods Manufactured and Cost of Goods Sold) (Please show work, than you!!) Superior Company provided the following data for the year

image text in transcribed (Schedules of Cost of Goods Manufactured and Cost of Goods Sold) (Please show work, than you!!)

Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) s 211,000 s 261,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost S 153, 000 377,000 357,000 Inventory balances at the beginning and end of the year were as follows Beginning of Year End of Year Raw materials Work in process Finished goods S 55, 000 37,000 ? 26,000 S 36,000 The total manufacturing costs for the year were $670,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $666,000; and the net operating income was $33,000. 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

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