Question: Please fill out the highlighted blue boxes for each question. The options for the income statement is Accounts payable Accounts receivable Accumulated depreciation Administrative expenses

Please fill out the highlighted blue boxes for each question.
The options for the income statement is
- Accounts payable
- Accounts receivable
- Accumulated depreciation
- Administrative expenses
- Cash
- Cost of goods sold
- Depreciation expense
- Finished goods
- Manufacturing overhead
- Raw materials
- Sales
- Selling expenses
- Wages payable
- Work in process
2.
The options for the COSG schedule is
- Add: Cost of goods manufactured
- Add: Ending finished goods inventory
- Add: Overapplied overhead
- Add: Underapplied overhead
- Less: Cost of goods manufactured
- Less: Ending finished goods inventory
- Less: Overapplied overhead
- Less: Underapplied overhead
3.
Options for the COGM is
- Beginning raw materials inventory
- Direct labor
- Indirect labor
- Manufacturing overhead applied to work in process
- Manufacturing overhead cost
- Purchase of raw materials
- Raw materials inventory, ending
- Utilities, factory
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Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 213,000 $ 267,000 ? $ 152,000 $ 373,000 $ 355,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning $ 59,000 ? $ 30,000 Ending $ 38,000 $ 25,000 ? The total manufacturing costs added to production for the year were $685,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $667,000; and the net operating income was $35,000. 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: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Income Statement COGS Schedule COGM Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses: 0 Complete this question by entering your answers in the tabs below. Income Statement COGS Schedule COGM Schedule Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold Adjusted cost of goods sold Complete this question by entering your answers in the tabs below. Income Statement COGS Schedule COGM Schedule Prepare a schedule of cost of goods manufactured. Superior Company Schedule of Cost Goods Manufactured Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured
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