Please correct and answer the following (A,B, and C).

Problem 2-23A Schedules of Cost of Goods Manufactured and Cost of Goods Statement ILO2-6 Sold, Income Superior Company materials are used in production as direct materials) year ended December 31 (all raw provided the following account balances for the Seling expenses Purchases of raw materials $220,000 Direct labor Administrative expenses Manufacturing overhead applied to work in process $332000 Total actual manufacturing overhead costs $263,000 $159,000 356,000 Inventory balances at the beginning and end of the year were as follows Beginning of Year End of Year 58,000 $38,000 Raw materials Work in process Finished goods $31,000 $ 37,000 The total manufacturing costs for the year were $685,000, the cost of goods available for sale totaled S750,000, the unadjusted cost of goods sold totaled $660,000, and the net operating income was $34,000 s overapplied or underapplied overhead is closed entrely to Cost of Goods Sold (Hint Prepare the income statement and schedule of cost of goods manufactured) Required: a. Prepare a schedule of cost of goods manufactured Answer is not complete. SUPERIOR COMPANY Direct materials Raw materials inventory, beginning S 58,000 Add: Purchase of raw materials 263,000 321,000 38,000 Raw materials available Less: Raw materiais inventory, ending 283000 70,000 Raw materials used in production Direct labor Manufacturing overhead applied to work in process inventory Total manufacturing costs Add Work in process iniventory, beginning 332000 685,000 Less Raw materials inventory, ending 31,000 Cost of ooods manufactured b. Prepare a schedule of cost of goods sold