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hey need help with this question he following data from the just completed year are taken from the accounting records of Mason Company: Sales $

hey need help with this question

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

Sales $ 660,000
Direct labor cost $ 81,000
Raw material purchases $ 136,000
Selling expenses $ 102,000
Administrative expenses $ 49,000
Manufacturing overhead applied to work in process $ 201,000
Actual manufacturing overhead costs $ 221,000

Inventories Beginning of Year End of Year
Raw materials $ 8,600 $ 10,700
Work in process $ 5,600 $ 20,800
Finished goods $ 76,000 $ 25,600

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.

3.

Prepare an income statement.

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