The wind 57.000 $95.000 Invemory balances at the begung and end of the year were as follows: The manufacturing costs for the year were 574000 the good w and the cost of goods o $72.000 or 20.000 pare a school sign in your response mantar pulas positiew e Superior Company Schedule of Cout of Good Manufactured For the Year Ended December 31 Click to select : Click to select Click to elect) Total a cturing costs Click to see Click to select) Click to select (Click to select) Cot of goods manufactured for the year Prepare the cost of goods sold s on of the company's income amounts esportives within your response C lick to select) Click to seleco Good Click to see Click to ect) Aime that the dollar over yoal Compute the average call fo a cturing overhead Round you 25.000 produced in the r the average per to 2 decimal places. On the sign in your Direct materials Manufacturing overhead s per p ent Hequirement: Albume that he loving the company www. more produce 4000 and manufacturing Manufacturing The following information applies to the questions displayed below.) Selected account balances for the year ended December 31 are provided below for Superior Company $ 146,000 $ 379,000 Selling and administrative salaries Purchases of raw materials Direct labor Advertising expense Manufacturing overhead Sales commissions $ 95,000 $ 300.000 $ 60,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning of Year $ 40,000 $ ? $33,000 End of Year $25,000 $ 40,000 $ ? The total manufacturing costs for the year were $748,000; the goods available for sale totaled $765,000; and the cost of goods sold totaled $728,000. (a) Prepare a schedule of cost of goods manufactured. (Input all amounts as positive values. Omit the "S" sign in your response.) Superior Company Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: (Click to select) (Click to select) : (Click to select) (Click to select) (Click to select) (Click to select) Raw materials used in production (Click to select) (Click to select) Total manufacturing costs (Click to select) : (Click to select) (Click to select) (Click to select) Cost of goods manufactured (b)Prepare the cost of goods sold section of the company's income statement for the year (Input all amounts as positive values. Omit the "S" sign in your response.) (Click to select) (Click to select) : (Click to select) Goods available for sale (Click to select) : (Click to select) Cost of goods sold Requirement 2: Assume that the dollar amounts given above are for the equivalent of 25,000 units produced during the year. Compute the average cost per unit for direct materials used and the average cost per unit for manufacturing overhead. (Round your answers to 2 decimal places. Omit the "S" sign in your response.) Direct materials Manufacturing overhead per unit per unit Requirement 3: Assume that in the following year the company expects to produce 40,000 units and manufacturing overhead is fixed. What average cost per unit and total cost would you expect to be incurred for direct materials? For manufacturing overhead? (Assume that direct materials is a variable cost.) (Round your Per unit answers to 2 decimal places and use the same in the calculation of Total. Omit the "S" sign in your response.) Per unit Total Direct materials Manufacturing overhead $
