3 ints Skipped 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 Beginning $ 656,000 $ 87,000 $ 132,000 $ 105,000 $ 40,000 $221,000 $ 200,000 Raw materials Book Work in process $8,700 $5,400 Finished goods $ 79,000 Ending $10,600 $ 20,500 $25,200 Hint Print ferences 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. 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 Direct materials: < Prev 3 of 5 Next > 3 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 points Skipped 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 eBook Direct materials: Hint Total raw materials available Print Direct materials used in production References Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Required 1 Required 2 > 0 0 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. nts Required 1 Required 2 Required 3 Skipped eBook Hint Print ferences 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 3 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. nts Required 1 Required 2 Required 3 Skipped eBook Hint Print erences Prepare an income statement. Mason Company Income Statement Selling and administrative expenses: 0 0 $ 0 < Required 2 Required 3 >