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

Selling expenses	$ 211,000
Purchases of raw materials	$ 270,000
Direct labor	?question mark
Administrative expenses	$ 155,000
Manufacturing overhead applied to work in process	$ 366,000
Actual manufacturing overhead cost	$ 350,000

Beginning and ending inventory balances were as follows:

	Beginning	Ending
Raw materials	$ 55,000	$ 40,000
Work in process	?question mark	$ 23,000
Finished goods	$ 35,000	?question mark

The total manufacturing costs added to production for the year were $670,000; the cost of goods available for sale totaled $720,000; the unadjusted cost of goods sold totaled $668,000; and the net operating income was $34,000. The companys underapplied or overapplied overhead is closed to Cost of Goods Sold.

1-Prepare an income statement for the year.

2-Prepare a schedule of cost of goods sold.

3-Prepare a schedule of cost of goods manufactured.