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 commissions Rent, factory building Maintenance, factory $112,000 7,600 40,700 ? 64,000 118,600 72,300 8,100 48,000 120,000 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 $62,400 ? 43,500 End of the Year $20,900 37,000 56,000 The total manufacturing costs for the year were $709,000, and the cost of goods sold totalled $671,000. Required: 1.0. Prepare a schedule of cost of goods manufactured. Required: 1.a. Prepare a schedule of cost of goods manufactured. SUPERIOR COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Raw materials available for use Raw materials used in production Manufacturing overhead: Manufacturing overhead Total overhead costs Total manufacturing costs Total work process inventory Cost of goods manufactured