1. Income statement 2. COGS schedule3. COGS schedule

materials) Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct Selling expenses Purchases of raw materials $ 216,000 Direct labor 1 264,090 Administrative expenses $ 158,008 Manufacturing overhead applied to work in process 1 375,008 Actual manufacturing overhead cost $ 359,008 Inventory balances at the beginning and end of the year were as follows: Beginning Ending Raw materials $ 59,000 $ 36, 090 Work in process $ 26,000 Finished goods $ 32,060 The total manufacturing costs added to production for the year were $675,000, the cost of goods available for sale totaled $730,000, the unadjusted cost of goods sold totaled $664,000; and the net operating income was $38,000. 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.)