12 6 Exercise 3-6 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3) The following data from the just completed year are taken from the accounting records of Mason Company Sales $450,000 Direct le cast Banaterial purchas 5134,000 Selling expe Administrative Hanufacturing overhead applied to work in process Actual manufacturing warheadsets $209,000 Mork in process Required 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overappled overhead is closed to Cost of Goods Sold 3. Prepare an income statement Complete this question by entering your answers in the tabs below Repre pred Prepare shule of cost of goods manufactured. Assume all aw materials used in production were direct outerias Mason Company Schedule of Cast of God Det material 10 16 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Mason Company Schedule of Cost of Goods Manufactured Deect materia Total raw materials available Deect materials used in production Tutal manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Required 2 >> 10 10 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials 2 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold 3. Prepare an income statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 31 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold Mason Company Schedule of Cost of Goods Sold Required 1 Required 3> Him 3. Prepare an income statement Complete this question by entering your answers in the tabs below. Pr References Required 1 Required 2 Required 3 Prepare an income statement. Mason Company lecnine Statement Selling and administrative expenses B Exercise 3-6 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-31 The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cos $450,000 $4,000 5 134,000 ing overhead applied to work in process Actual awufacturing overhead costs Inventuries Work in process ginning Anding $ 104,000 $44,000 $220,000 $209,000 Deferences Finished goods Required: 25,700 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials 2. Prepare a schedule of cost of goods sold Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Required Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Mason Company Schedule of Cost of Goods Manufactured rect material Total raw materies available Danct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Required 2> 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold Mason Company Schedule of Cost of Goods Sold Required 1 Required 2 Required 31 References Prepare an incoma statement, Mason Company Income Statument Selling and administrative expenses $