Superior Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials) $214,000 $262,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Total actual manufacturing overhead costs $154,000 $336,000 S356,000 Inventory balances at the beginning and end of the year were as follows: Beginning of Year $ 54,000 End of Year $ 37.000 $27,000 Raw materials Work in process Finished goods $ 34,000 The total manufacturing costs for the year were $670,000; the cost of goods available for sale totaled $730,000; the unadjusted cost of goods sold totaled $663,000; and the net operating income was $37,000 The company's overapplied or underapplied overhead is closed entirely to Cost of Goods Sold (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Required a. Prepare a schedule of cost of goods manufactured SUPERIOR COMPANY Schedule of Cost Goods Manufactured Direct materials: Raw materials available Raw materials used in production Total manufacturing costs