Question: Can you please help me with this problem? I precisely need the details of the solutions .( like where you find the results?) thank you.
Can you please help me with this problem? I precisely need the details of the solutions .( like where you find the results?) thank you. :)

PROBLEM 3-13 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement LO3-3 Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $140,000 Purchases of raw materials . $290,000 Direct labor Administrative expenses . .. . .. $100,000 Manufacturing overhead applied to work in process . $285,000 Actual manufacturing overhead cost . . . $270,000 Inventory balances at the beginning and end of the year were as follows: Raw materials $40,000 $ 10,000 Work in process ? $35,000 Finished goods $50,000 ? The total manufacturing costs for the year were $683,000; the cost of goods available for sale totaled $740,000; the unadjusted cost of goods sold totaled $660,090; and the net operating income was $30,000, 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: pre the incomestatement and schechile afri's of cost of goods sold first followed by the schedule of cost of goods manufactured.)
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