4 The following data from the just completed year are taken from the accounting records of Mason Company: Sales 1.5 Direct labor cost points Raw material purchases $ 659,000 $ 83,000 Mc Graw Hill Return to question Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Work in process Finished goods Required: Beginning $ 8,800 $ 5,100 Ending $10,600 $ 20,200 $ 71,000 $ 25,700 $ 137,000 $ 109,000 $ 47,000 $ 223,000 $ 207,000 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. Answer is not complete. 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 Beginning work in process inventory S 5.100 Direct materials: < Prev 4 of 4 Next