Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials):

Selling expenses	$	212,000
Purchases of raw materials	$	263,000
Direct labor		?
Administrative expenses	$	151,000
Manufacturing overhead applied to work in process	$	375,000
Actual manufacturing overhead cost	$	355,000

Inventory balances at the beginning and end of the year were as follows:

	Beginning of Year			End of Year
Raw materials	$	53,000		$	37,000
Work in process		?		$	27,000
Finished goods	$	37,000			?

The total manufacturing costs for the year were $680,000; the cost of goods available for sale totaled $745,000; the unadjusted cost of goods sold totaled $664,000; and the net operating income was $32,000. The companys 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. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.)

(PLEASE BREAK IT DOWN DON'T JUST GIVE ME A NUMBER WITHOUT SHOWING THE WORK WHERE ALL NUMBERS CAME FROM PLEASE)

A-HOW DO I CALCULATE SALES?

B-WORK IN PROGRESS BEGINNING

C-FINISHED GOODS ENDING

D-DIRECT LABOR