4 Saved The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost 14 Raw material purchases points Selling expenses Administrative expenses Manufacturing overhead applied to work in process eBook Actual manufacturing overhead costs Hint Inventories Beginning Ending Raw materials $ 8,600 $ 10,700 Ask Work in process Finished goods $ 5,900 $ 72,000 $ 20,100 $ 25,400 Print References $ 658,000 $ 82,000 $ 131,000 $ 103,000 $ 50,000 $ 228,000 $ 210,000 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. Help Sav