chedules of the Cost of Goods Manufactured and Sold,... Seved The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Rav material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Rav materials Work in process Finished goods Required: Ending $10,000 Beginning $ 8,900 $ 5,200 $ 20,800 $ 79,000 $ 25,500 $ 653,000 $87,000 $137,000 $106,000 $ 47,000 $226,000 $209,000 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. 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. Direct materials: Mason Company Schedule of Cost of Goods Manufactured Total raw materials available Direct materials used in production