The following information pertains to Skylark Manufacturing Corporation for the year ended December 31, 20--. Sales $244,500 Purchases of materials 44,000 Indirect labor 8,300 Indirect materials 3,000 Depreciation of factory equipment 3,700 Depreciation of factory building 4,500 Selling expenses 11,000 Other factory overhead expenses 12,000 Direct labor 89,000 Materials inventory, December 31, 20-- 9,000 Work in process, January 1, 20-- 18,000 Materials inventory, January 1, 20-- 6,000 Work in process, December 31, 20-- 22,500 Finished goods, January 1, 20-- 29,000 Finished goods, December 31, 20-- 22,000   Complete the statement of cost of goods manufactured.

The raw materials purchased during May totaled:

Vikrambhai

Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials):   Selling expenses $ 217,000 Purchases of raw materials $ 265,000 Direct labor ? Administrative expenses $ 155,000 Manufacturing overhead applied to work in process $ 371,000 Actual manufacturing overhead cost $ 352,000   Inventory balances at the beginning and end of the year were as follows:     Beginning Ending Raw materials $ 50,000 $ 35,000 Work in process ? $ 28,000 Finished goods $ 32,000 ?   The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $725,000; the unadjusted cost of goods sold totaled $666,000; and the net operating income was $32,000. 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:…