1 1 The folowing cost and Inventory data are taken from the accounting records of Minion Company for the your just completed Continuer Direct Labout cont chat naar Indirect labout Maintanance, actory quant verting po Insurance Factory des salaria A tetoxy talities oper Duplation, ont a factory $70,000 100.000 45,000 6,000 30,000 1.100 50.000 24.000 3.600 17.000 100 Beginning 01 Endo the Year the mentor materiale Win ko Vinhed goods 18.900 10,300 18.100 512,500 19.150 23.00 Required: 1. Prepare a schedule of cost of goods manufactured, Skipped MASON COMPANY Schedule of Cost of Goods Manufactured Direct materials Raw materials available for use 0 Raw materials used in production S 0 Manufacturing overhead 0 Total overhead costs Total manufacturing costs 0 Total work in process inventory Total work in process inventory 1 Cost of goods manufactured 0 Skipped 2. Prepare the cost of goods sold section of Mason Company's income statement for the year MASON COMPANY Income Statement (Partial) For the year just completed Coods available for sale 0 Cost of goods sold 5 0 The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed Coats Nord Direct lahut Purchase of water Indirect to Maintenance Factory dettiin Iurance, Party assalari tant. Factory fact ht Deption, que $70,000 150.000 45,000 5.000 90,000 1.100 50,000 20.000 3.600 17,000 tegning of Endot the Year the Year work CEE Find 10.000 10.300 15.100 $12.500 15,150 23.000 Required: 1. Prepare a schedule of cost of goods manufactured, 1 MASON COMPANY Schedule of Cost of Goods Manufactured Direct materials Skipped Raw materials available for use 0 Raw materials used in production 0 Manufacturing overhead Total overhead costs Total manufacturing costs 0 0 Total work in process inventory 0 Cost of goods manufactured S 0 2. Prepare the cost of goods sold section of Mason Company's income statement for the year. MASON COMPANY Income Statement (Partial) For the year just completed Goods available for sale 0 Cost of goods sold $ 0