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Submit 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.$)$

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$\backslash$table$[[\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$COGS$],[$Schedule$]],\backslash$table$[[$COGM$],[$Schedule$]]]]$

Prepare an income statement for the year.

References

$\backslash$table$[[$Superior Company$],[,$Income Statement,$],[,,],[,,],[$Selling and administrative expenses:,,$],[,,],[,,],[,,],[,,]]$

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