Connect Person Sid olportal.onta...rsonal Res... 08 3: Assignment Help Save & Exit Submit Mid-Term Test Fall 2020 SUVI UW TO Superior Company 27 $115.000 7,500 Selling and administrative salaries Insurance factory utilities, factory Purchases of raw materials Indirect labour Direct labour Advertising expense Cleaning supplies, facto Sales commissions Rent, factory building Maintenance, factory 7 66,000 86,500 70,200 8,400 39,500 135,880 30,000 Inventory balances at the beginning and end of the year were as follows: Bec of End of the Year $18, 200 39, 100 68,000 Raw materials Work in process Finished goods 45,000 The total manufacturing costs for the year were $724,000, and the cost of goods sold totalled $674,000. Required: 1.a. Prepare a schedule of cost of goods manufactured. SUPERIOR COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Raw materials inventory beginning 3200 Add Purchases of raw materials Raw materials available for use Add Purchases of raw matemals Raw materials used in production Manufacturing overhead Connect Person Sid olportal.onta...rsonal Res... 08 3: Assignment Help Save & Exit Submit Mid-Term Test Fall 2020 SUVI UW TO Superior Company 27 $115.000 7,500 Selling and administrative salaries Insurance factory utilities, factory Purchases of raw materials Indirect labour Direct labour Advertising expense Cleaning supplies, facto Sales commissions Rent, factory building Maintenance, factory 7 66,000 86,500 70,200 8,400 39,500 135,880 30,000 Inventory balances at the beginning and end of the year were as follows: Bec of End of the Year $18, 200 39, 100 68,000 Raw materials Work in process Finished goods 45,000 The total manufacturing costs for the year were $724,000, and the cost of goods sold totalled $674,000. Required: 1.a. Prepare a schedule of cost of goods manufactured. SUPERIOR COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Raw materials inventory beginning 3200 Add Purchases of raw materials Raw materials available for use Add Purchases of raw matemals Raw materials used in production Manufacturing overhead