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Superior Company provided the following data for the year ended December 31 (all raw materials are used in proctuction as direct materials) Beginning and ending

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Superior Company provided the following data for the year ended December 31 (all raw materials are used in proctuction as direct materials) Beginning and ending inventory balances were as follows The total manufocturing costs added to production for the year were $685,000, the cost of goods avalable for sale totaled $725,000. the unadjusted cost of goods sold totaled $670,000, and the net operating income was $33,000. The company's underspplied or overapplied overhead is closed to Cost or Goods Sola Required: Prepare schedules of cost of goods manufectured 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. Prepare an income statement for the year. the unadjusted cost of goods sold totaled $670,000, and the net operating income was $33,000. 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. Prepare an income statement for the vear: the unadjusted cost of goods sold totaled $670,000, and the net operating income was $33,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepore schedules of cost of goods manufoctured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold fist followed by the schedule of cost of goods manufactured) Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods sold. Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods manufactured

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