2. Mason company uses direct labor-hours as its allocation base to compute its applied manufacturing overhead rate. The company's estimated fixed manufacturing overhead cost is $1,500,000 and variable manufacturing overhead rate is $12 per direct labor hour, and total labor hours to be used is 10,000. Following tables show additional information about the company - sales direct labor cost raw material purchase selling expenses administrative expenses Actual manufacturing overhead cost $ 2,500,000.00 $ 50,000.00 $ 115,000.00 $ 150,000.00 $ 65,000.00 $ 1.690.000.00 Inventories Raw materials Work in process Finished goods Beginning Ending $10,000 $15,000 $20,000 $4,000 $45,000 $68,000 b) Prepare a schedule of cost of goods sold. Assume the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Show the table with each item used in the calculation below. C) Prepare an income statement and show the table below