Assignment Print View Page 1 of 2 Award 5.00 points Superior Company provided the following data for the year ended December 31 (allraw materials are used in productions Selling expenses Purchases of row 5 $ 212.000 262.000 s 160000 Administrative expenses Manufacturing werd door in process Actual manufacturing overhead cost Inventory balances at the beginning and end of the year were as follows: Beginning of Raw materials Work in process Finished goods $ $ 51.000 7 34.000 End of Year 30,000 31.000 The total manufacturing costs for the year were 5680.000, the cost of goods available for sale totaled $725 000. the unadiusted cost of goods sold totaled $667.000, and the net operating income was $37.000. 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. Income Statement COGS Schedule COGM Schedule Prepare an income statement for the year. Superior Company Income Statement Seling and administrative expenses neme Statement COGS Schedule >