Superior Company provided the following data for the year ended December at (at raw matetials are used in production as disect materlalsk: Inventory balances at the beginning and end of the year wete as follows: The total manufacturing cosis added to production for the year were $680.000, the cost of goods avallable for sole totaled $740.000 : the unadjusted cost of goods sold totaled $663,000; and the net operating income was $36,000. The company's underapplied or overapplled 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 manufacturedi) Complete this question by entering your answers in the tabs below. Superior Company provided the following data for the year ended December at (at raw matetials are used in production as disect materlalsk: Inventory balances at the beginning and end of the year wete as follows: The total manufacturing cosis added to production for the year were $680.000, the cost of goods avallable for sole totaled $740.000 : the unadjusted cost of goods sold totaled $663,000; and the net operating income was $36,000. The company's underapplied or overapplled 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 manufacturedi) Complete this question by entering your answers in the tabs below