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3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement...

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Accounting

3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $ 216,000 Purchases of raw materials $ 270,000 Direct labor ?question mark Administrative expenses $ 155,000 Manufacturing overhead applied to work in process $ 368,000 Actual manufacturing overhead cost $ 357,000 Beginning and ending inventory balances were as follows: Beginning Ending Raw materials $ 52,000 $ 33,000 Work in process ?question mark $ 26,000 Finished goods $ 31,000 ?question mark The total manufacturing costs added to production for the year were $680,000; the cost of goods av

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