Superior Company provided the following data for the year ended December all raw materials are used in production as direct materials:
Selling expenses $
Purchases of raw materials $
Direct labor question mark
Administrative expenses $
Manufacturing overhead applied to work in process $
Actual manufacturing overhead cost $
Beginning and ending inventory balances were as follows:
Beginning Ending
Raw materials $ $
Work in process question mark $
Finished goods $ question mark
The total manufacturing costs added to production for the year were $; the cost of goods available for sale totaled $; the unadjusted cost of goods sold totaled $; and the net operating income was $ The companys underapplied or overapplied overhead is closed to Cost of Goods Sold. Income statements?
