he following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:

Costs incurred:
Direct labor cost	$	83,000
Purchases of raw materials	$	131,000
Manufacturing overhead	$	210,000
Advertising expense	$	46,000
Sales salaries	$	105,000
Depreciation, office equipment	$	228,000

	Beginning of the Year			End of the Year
Inventories:
Raw materials	$	8,500		$	10,500
Work in process	$	5,100		$	21,000
Finished goods	$	73,000		$	25,700

Required:

1.	Prepare a schedule of cost of goods manufactured.

MASON COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use 0 Raw materials used in production $ 0 Total manufacturing costs 0 0 TIT Cost of goods manufactured $ 0 2. Prepare the cost of goods sold section of Mason Company's income statement for the year. MASON COMPANY Schedule of Cost of Goods Sold Beginning finished goods inventory Goods available for sale Cost of goods sold