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 $121,000 8,200 47,500 ? 70,000 39,300 66,000 9,000 52,500 144,000 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 $64,800 ? 48,000 End of the Year $11,500 43,300 92,000 The total manufacturing costs for the year were $684,000, and the cost of goods sold totalled $680,000 Required: 1. 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 0 Ramatas used in production 5 Beeinning of the Year $64,800 Raw materials Work in process Finished goods End of the Year $11,800 43,300 92,988 48,000 The total manufacturing costs for the year were $684,000, and the cost of goods sold totalled $680,000 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 0 Raw materials used in production s 0 Manufacturing overhead Total overead costs Total manufacturing costs 0 Total work in process inventory 0 Cost of goods manufactured 5