The following formation is to the questions displayed below! Selected account balances for the year ended December 31 are provided below for Superior Company $ 146.000 $ 379.000 Selling and administrative salaries Purchases of raw materials Direct labor Advertising expense Manufacturing overhead Sales commissions $95.000 $ 200.000 $ 60.000 Inventory balances at the beginning and end of the year were as follows Raw materials Work in procOSS Finished goods Beginning of Year $ 40,000 S $33.000 End of Year $25.000 40 000 $ ? S The total manufacturing costs for the year were 5748,000, the goods available for sale totaled 5765.000 and the cost of goods sold totaled $728.000 (a) Prepare a schedule of cost of goods manufactured “$” sign in your response.) input all amounts as positive values. Omit the Superior Company Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Click to select) (Click to select) Click to select) (Click to select) (Click to select) (Click to select) Raw materials used in production (Click to select) (Click to select) Total manufacturing costs (Click to select) (Click to select) (Click to select) (Click to select) Cost of goods manufactured (b)Prepare the cost of goods sold section of the company's income statement for the year (Input all amounts as positive values. Omit the “S” sign in your response.) (Click to select) (Click to select) : (Click to select) Goods available for sale (Click to select) Click to select) Cost of goods sold Requirement 2: Assume that the dollar amounts given above are for the equivalent of 25.000 units produced during the year Compute the average cost per unit for dired materials used and the average cost per unit for manufacturing overhead (Round your answers to 2 decimal places. Omit the “S” sign in your response.) Direct materials Manufacturing overhead S per unit per unit Requirement 3: Assume that in the following year the company expects to produce 40 000 units and manufacturing overhead is fed What average cost per unit and total cost would you expect to be incurred for direct materials? For manufacturing overhead? (Assume that direct materials is a variable cost. (Round your Per unit answers to 2 decimal places and use the same in the calculation of Total. Omit the “Sag on in YOR ons Direct materials Manufacturing overhead $
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