2 Check my work The following data from the just completed year are taken from the accounting records of Mason Company 00:35:49 Stepood Bales Direct Labor cont $ 660,000 80,000 Raw material purchases Selling expenses $ 139,000 Administrative expenses $ 103,000 $ 42,000 Manufacturing overhead applied to work in process #227,000 Actual manufacturing overhead costa $ 200.000 Inventories Beginning Ending Raw materials $ 8,300 + 10,100 Work in process 36,000 5 20.300 Tinished goods $ 78,000 $ 25,200 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 Cost of Goods Sold. 3. Prepare an Income statement. ebook Hint forence Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials: 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 Direct materials: Total raw materials available Direct materials used in production 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured > Check 2 Required 1 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 10 points Mason Company Schedule of Cost of Goods Sald 00:35:32 Sipaed eBook Hint Print References Chapter 3 - Homework Seved Help Save 4 CN 2 Required 1 Required 2 Rechirad 3 Prepare an Income statement. 10 points Manon Company Income Statement 00-15.25 Skoped Selling and administrative expenses cBook a 0 Print $ References Check 2 Required 1 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 10 points Mason Company Schedule of Cost of Goods Sald 00:35:32 Sipaed eBook Hint Print References Chapter 3 - Homework Seved Help Save 4 CN 2 Required 1 Required 2 Rechirad 3 Prepare an Income statement. 10 points Manon Company Income Statement 00-15.25 Skoped Selling and administrative expenses cBook a 0 Print $ References