Ena The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Ending $ 654,000 $ 89,000 $ 132,000 $ 102,000 $ 44,000 $ 227,000 $ 208,000 Beginning Raw materials Work in process $ 8,000 $ 5,500 $ 20,700 $ 74,000 $ 25,600 $ 10,600 Finished goods equired: Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct n Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead st of Goods Sold. repare an income statement.