3 The following data from the just completed year are taken from the accounting records of Mason Company: 1.25 points Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs 8 04 20:34 $ 651,000 $ 84,000 $ 133,000 $ 103,000 $ 43,000 $ 201,000 $ 222,000 eBook Beginning Inventories Raw materials Work in process Finished goods $ 5,100 $ 74,000 Ending $ 10,400 $ 20,800 $ 25,100 Hint AK e az oo 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. References 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 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 produc Mason Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Required Required 2 > 3 2. Prepare a schedule of Cost Of goods sold. Assume that the companys underapplied or overapplied overead is closed Goods Sold 3. Prepare an income statement. 1.25 points Complete this question by entering your answers in the tabs below. 04.2011 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. Book Mason Company Schedule of Cost of Goods Sold Him Print 3 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. 125 points Complete this question by entering your answers in the tabs below. 04.19.55 Required 1 Required 2 Required 3 Prepare an income statement. eBook Mason Company Income Statement ASK Seling and administrative expenses Print