Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Beginning Ending $ 8,700 $ 10,500 Work in process $ 5,700 $ 20,400 Finished goods $ 74,000 $ 25,300 $ 90,000 $ 139,000 $ 105,000 $ 49,000 $ 229,000 $ 206,000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in p direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied o 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 overa of Goods Sold. Mairead Company Sebedule of Cost of Goods Sold