Question

amework Superior Company provided the following data for the year ended December 31 (al raw materials are used in production as direct materials $ 216.00 $ 263.ee Purchases of raw materials Direct labor Asinistrative expenses Manufacturing overhead applied to work in process Actual manufacturing verhead cost $ $ 365,100 353, see Inventory balances at the beginning and end of the year were as follows: Year 55,000 $ Raw materials Work in process Finished goods End of Year $ 39.ee $ 29,000 31. The total manufacturing costs for the year were $680000 the cost of goods available for sale totaled $735.000, the unadjusted cost of goods sold totaled $666000, and the net operating income was $38,000 The company's underapplied or overapplied overheads closed to cast of Goods Sold Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Mint Prepare the income statement and schedule of cost of goods sok 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 a redule of cost of goods manufactured < Prey 2 4 Next >

How to figure the beginning work in process and the end of year finished goods