Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement LO3-3) 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 5 652,88e 88,89 132,08e s 101,e00 $ 49,08e 208,000 $ 225,000 Raw materials Work in process Finished goods Beginning Ending $8,9e0 $ 10,900 $ 5,300 20,400 72,800 25,900 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. Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Prepare a schedule of cost of. goods manufactured. Assume all raw materials used in.production were direct materials 2-08 Mason Company Schedule of Cost of Goods Manufactured Direct materials ces Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured c Required I Required 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 epare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost Goods Sold Mason Company Schedule of Cost of Goods Sold ok nces