6 Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 657,000 $ 83,000 $ 134,000 $ 109,000 $ 45,000 $ 228,000 $ 200,000 1 points Skipped Inventories Raw materials Work in process Finished goods Beginning $ 8,000 $ 5,800 $ 74,000 Ending $ 10,500 $ 20,200 $ 25,500 eBook COD Hint 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: Total raw materials available Direct materials used in production Total manufacturing costs added to production 0 6 Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 657,000 $ 83,000 $ 134,000 $ 109,000 $ 45,000 $ 228,000 $ 200,000 1 points Skipped Inventories Raw materials Work in process Finished goods Beginning $ 8,000 $ 5,800 $ 74,000 Ending $ 19,500 $ 20,200 $ 25,500 eBook Hint 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 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 6 Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 657,000 $ 83,000 $ 134,000 $ 109,000 $ 45,000 $ 228,000 $ 200,000 1 points Skipped Inventories Raw materials Work in process Finished goods Beginning $ 8,000 $ 5,800 $ 74,000 Ending $ 10,500 $ 20,200 $ 25,500 eBook CO Hint 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 an income statement. Mason Company Income Statement 0 Selling and administrative expenses: 0 $ 0