16.25 points 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 Direct labor cost Raw material purchases eBook Balling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead coste $653.000 $8,000 5 134,000 105,000 $47,000 5 229,000 $202,000 Print References Inventories Raw materials Work in procee Finished goods Required: Beginning 8,400 5,700 $77,000 Ending $10.500 $ 20,100 $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. Mason Company Schedule of Cost of Goods Manufactured 2 nts 2225 eBook Hint 2. Prepare a schedule of cost of goods soia. Assume that the company's underappied or overappiled overnead is closed to Lost or 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. Direct materials: Print rences Mason Company Schedule of Cost of Goods Manufactured Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Required 1 Required 2 > 0 0 Cha 16.25 points 2 look Hint Prin References Prepare a scneouie or cost or goods soia assume that the company's underappueo or overappies overeas is closed to LOSE 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 sold. Assume that the company's unde of Goods Sold, Mason Company Schedule of Cost of Goods Sold plied or overapplied overhead is closed to Cost Help Son & Ext Suhet Check my work 2 Prepare a schedule of cost or goods sold. Assume that the company's underappies or overapped overnead is coses 10 cost.or Goods Sold 3. Prepare an income statement 36.25 points Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 look Prepare an income statement. Mason Company Income Statement Print References Selling and administrative expenses 2 Wpped Cook Int 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 Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs: Inventories Raw materials Beginning Ending $ 8,400 $ 10,500 Work in process $ 5,700 $ 20,100 $ 77,000 $ 25,700 $ 651,000 $ 88,000 $ 134,000 $ 105,000 $ 47,000 $ 229,000 $ 202,000 nt inces Finished goods 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 overapplied overhead is closed to C Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 o an income statement