Question: Please help me with all three parts! a httpsewconnect mheducaon.comnowconrecthun work #2 (LO 3) Problem 3-13 Schedules of Cost of Goods Manufactured and Cost of
a httpsewconnect mheducaon.comnowconrecthun work #2 (LO 3) Problem 3-13 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Stotement LO3-3 Superior Company provided the following data for the year ended December 31 fal raw materials are used in production as direct materials) $ 216,800 $264,890 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $152,800 $ 378,898 355,80 Inventory balances at the beginning and end of the year were as follows: Beginning of End of Year 53,800 36,800 ?$ 27,889 Year Raw materials Work in process Finished goods 34,880 The total manufacturing costs for the year were $680.000: the cost of goods available for sale totaled $720.000; the unadjusted cost of goods sold totaled $663.000; and the net opersting income was $40.000. 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 here to search
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