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Problem $3-13($Algo$)$ Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement $[$LO$3-3]$

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

Selling expenses

Purchases of raw materials $$218,000$

Direct labor $$263,000$

Administrative expenses $?$

Manufacturing overhead applied to work in process $ $$152,000$

Actual manufacturing overhead cost $ $$369,000$

Inventory balances at the beginning and end of the year were as follows:

$$352,000$

oints

eBook

E

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References

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