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Superiot Company provided the following data for the year ended December 31 (all row materiais are used in production as direct moteriais?: invenory balances at

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Superiot Company provided the following data for the year ended December 31 (all row materiais are used in production as direct moteriais?: invenory balances at the beginning and end of the year were as follows: The total manufacturing costs added to production for the year were $680,000; the cost of goods ovailable for sale totaled 5735.000 : the unadjusted cost of goods sold totaled $663,000, and the net operating income was $30,000. The company's underapplled or. overapglied 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 schedide of cost of goods sold first followed by the schedile of cort of goods manufactured) Prepare an income statement for the year. Fepote scredules of cost of goods manutactuted and cost of goods sold and an income statement. thintrrepare 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 a schedule of cost of goods sold. Prepare a schedule of cost of goods manufactured

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