Exercise 3-6 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] The following data from the just completed year ate taken from the accounting records of Mason Company: 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. of Goods Sold. Mason Company Income Statement References \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Income Statement } & \\ \hline & & \\ \hline Selling and administrative expenses: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & $ \\ \hline \end{tabular} Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials