3 The following data from the just completed year are taken from the accounting records of Mason Company: 4 points Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead coats $ 651,000 $ 86,000 $ 138,000 $ 106,000 $ 48,000 $ 202,000 $ 227,000 eBook Inventories Raw materiala Work in process Finished goods Teginning Ending $8,800 10,800 $5,400 $ 20,000 $ 78,000 $ 25,500 Print 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. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below. 4 points Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. eBook Mason Company Schedule of Cost of Goods Manufactured Direct materials: Hint Total raw materials available Print Raw materials used in production References Total manufacturing costs 0 Cost of goods manufactured Required 2 > 3 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. 4 points 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 eBook Mason Company Schedule of Cost of Goods Sold Hint Print References 3 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. 4 points Required 1 Required 2 Required 3 Prepare an income statement. eBook Mason Company Income Statement Hint 0 Print Selling and administrative expenses References 0 $ 0