Selected account balances for the year ended December 31 are provided below for Superior Company:...
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Selected account balances for the year ended December 31 are provided below for Superior Company: Selling and administrative salaries Inpurance, factory Utilities, factory Purchases o aw materiala Indirect labour Direct labour Advertising expense cleaning supplies, factory Sale commisione Rent, factory building Maintenance, factory $104,000 B. 200 39, 700 7 60,000 121,500 77, 900 7, 300 47,000 112,000 30,000 inventory balances at the beginning and end of the year were as follows: Raw materiale Work in proceRA Finished goods Beginning of the Year 840, 800 ? 47,000 End or the Year 613,000 31,400 92,000 The total manufacturing costs for the year were $698,000, and the cost of goods sold totalled $663.000. Required: a. Prepare a schedule of cost of goods manufactured. SUPERIOR COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Raw materials available for use 0 Raw materials used in production $ 0 Manufacturing overhead: 0 Total overhead costs Total manufacturing costs 0 Total work in process Inventory 0
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