Check my W 2 Raw materials Work in process Finished goods 58,000 38,000 24,000 ? 31,000 5 The total manufacturing costs for the year were $680,000; 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 $39,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold, polnts 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.) eBook Print Complete this question by entering your answers in the tabs below. References Income COGS COGM Schedule Schedule Statement Prepare an income statement for the year Superior Company Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: 0 Income Statement COGS Schedule > Check my W 2 Raw materials Work in process Finished goods 58,000 38,000 24,000 ? 31,000 5 The total manufacturing costs for the year were $680,000; 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 $39,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold, polnts 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.) eBook Print Complete this question by entering your answers in the tabs below. References Income COGS COGM Schedule Schedule Statement Prepare an income statement for the year Superior Company Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: 0 Income Statement COGS Schedule >