Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): points $ $ 216,000 264,000 (8 02:34:27 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ $ $ 151,000 373,000 357,000 Skipped Inventory balances at the beginning and end of the year were as follows: eBook Raw materials Work in process Finished goods Beginning of Year End of Year $ 58,000 $ 39,000 ? $ 26,000 $ 32,000 Print The total manufacturing costs for the year were $685,000; the cost of goods available for sale totaled $735,000; the unadjusted cost of goods sold totaled $667,000; and the net operating income was $32,000. The company's 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.) Complete this question by entering your answers in the tabs below. JULLICIIL UNUICIILUULUULUULUUYUUUU JUU ULIONUVCUDY LICUCIILUUICUI LUULUIyUULU TIITUNUCLUICU. points Complete this question by entering your answers in the tabs below. 8 02:34:14 Skipped Income Statement COGS Schedule COGM Schedule Prepare an income statement for the year. eBook Superior Company Income Statement Print Selling and administrative expenses: Skipped Complete this question by entering your answers in the tabs below. eBook Income Statement COGS Schedule COGM Schedule Print Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold Adjusted cost of goods sold points Complete this question by entering your answers in the tabs below. 8 02:33:48 Skipped Income Statement COGS Schedule COGM Schedule Prepare a schedule of cost of goods manufactured. eBook Superior Company Schedule of Cost Goods Manufactured Direct materials: Print Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured