Question 7 - Chp 3 Homework, X *Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.syracuse.edu%252Fwebapps%252F... * 0 2 : G Google YouTube Image result for S... Set-Up | Proctorio 8yuh Chp 3 Homework, Due: Sunday, 10/2/2022 i Saved Help Save & Exit Submit Check my work 7 Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] 1.48 Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) points Selling expenses $ 215, 000 Purchases of raw materials $ 265, 000 Direct labor ? Administrative expenses $ 156, 000 eBook Manufacturing overhead applied to work in process $ 372, 000 Actual manufacturing overhead cost $ 353, 000 Inventory balances at the beginning and end of the year were as follows: Print Beginning Ending Raw materials $ 58, 000 $ 37, 000 Work in process References $ 33, 000 Finished goods $ 40, 000 The total manufacturing costs added to production for the year were $685,000; the cost of goods available for sale totaled $720,000; the unadjusted cost of goods sold totaled $661,000; and the net operating income was $39,000. 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 COGS COGM Statement Schedule Schedule Prepare an income statement for the year. Mc Graw HillQuestion 7 - Chp 3 Homework, X *Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.syracuse.edu%252Fwebapps%252F... (1 * 0 2 : G Google YouTube Image result for S... Set-Up | Proctorio 8yuh Chp 3 Homework, Due: Sunday, 10/2/2022 i Saved Help Save & Exit Submit Check my work 7 Complete this question by entering your answers in the tabs below. Income COGS COGM Statement Schedule Schedule 1.48 points Prepare an income statement for the year. Superior Company Income Statement eBook Print Selling and administrative expenses n References Mc Graw HillQuestion 7 - Chp 3 Homework, X *Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.syracuse.edu%252Fwebapps%252F... (1 * 0 2 : G Google YouTube Image result for S... Set-Up | Proctorio 8yuh Chp 3 Homework, Due: Sunday, 10/2/2022 i Saved Help Save & Exit Submit Check my work 7 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.) 1.48 points Complete this question by entering your answers in the tabs below. Income COGS COGM Statement Schedule Schedule eBook Prepare a schedule of cost of goods sold. Print Superior Company Schedule of Cost of Goods Sold n References Adjusted cost of goods sold Mc Graw Hill6 Question 7 - Chp 3 Homeworl X * Course Hero + 6 C' I ezto'mheducationcoms\" 'i i 2 mile twirlini l Grimm: mil: ii 9 Google > YouTube '\\ lmageresultfors.\" @ Set-UplProctorio ayuh Chp 3 Homework, Due: Sunday, 10/2/2022 0 Saved Help Save 8. Exit Submit m ; 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) 1.48 poms Complete this question by entering your answers in the tabs below. Income COGS COGM a Statement Schedule Schedule eBook ~ , ~ , ~ Prepare a schedule of cost of goods manufactured. [gm Superior Company Schedule of Cost Goods Manufactured References Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured