Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as dire materials) Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost Inventory balances at the beginning and end of the year were as follows: Raw materials --- Finished gode Beginning Ending $ 55,000 $31,000 $31,000 $ 33,000 $219,000 $ 269,000. $ 159,000 $375,000 $ 358,000 The total manufacturing costs added to production for the year were $670,000; the lost of goods available for sale totaled $730,000 the unadjusted cost of goods sold totaled $660,000; and the net operating income was $39,000. The company's underapplied or everappled overhead is closed to Cost of Goods Sold equired of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income due of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Income Statement COGS Schedule COGM Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses + COGS Schedule > erences Complete this question by entering your answers in the tabs below. Income Statement COGS Schedule COGM Schedule Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold Adjusted cost of goods sold Income Statement COGM Schedule > Complete this question by entering your answers in the tabs below. ts Income Statement COGS Schedule COGM Schedule eferences Prepare a schedule of cost of goods manufactured. Superior Company Direct materials Total raw materials available Direct materials used in production Schedule of Cost Goods Manufactured Toal manufacturing costs added to production Taal manufacturing costs to account for < Prev 11 of 11 Next