Chapter #3-Quiz 1 Seved The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Raw material purchases Skipped Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Beginning Ending Book Raw materials $8,900 $ 10,900 Work in process H $5,200 $77,000 $ 20,900 $25,100 3657.000 $ 86,000 $132,000 $103,000 $41,000 $227,000 $200,000 Finished goods 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 Help Save & Exit Submit Chapter #3-Quiz Saved Complete this question by entering your answers in the tabs below. 1 Required 1 Required 2 Required 3 Skipped Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were dil Mason Company Schedule of Cost of Goods Manufactured eBook Direct materials: Hint Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured < Required 1 Required 2 > 0 0 Chapter #3- Quiz i 1 6666335I. 3. Prepare an income statement. Saved Complete this question by entering your answers in the tabs below. Skipped eBook Required 1 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplie of Goods Sold. Hint Mason Company Schedule of Cost of Goods Sold < Required 1 Required 3 > Chapter #3- Quiz 1 3. Prepare an income statement. Saved Complete this question by entering your answers in the tabs below. Skipped eBook Hint Required 1 Required 2 Prepare an income statement. Required 3 Mason Company Income Statement Selling and administrative expenses: 0 0 $