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Hi please find attached question The following cost and inventory data are taken from the accounting records of Mason Company for the yearjust completed: Costs

Hi please find attached question

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The following cost and inventory data are taken from the accounting records of Mason Company for the yearjust completed: Costs incurred: Direct labour cost $ 83,000 Purchases of raw materials 133.000 Indirect labour 36,500 Maintenance, factory equipment 7,300 Advertising expense 103,000 Insurance, factory equipment 1.030 Sales salaries 63,000 Rent, factory facilities 30,500 Supplies 5,900 Depreciation, office equipment 27,500 Depreciation, factory equipment 4,800 [ Beginning of End of the Year the Year Inventories: Raw materials $ 9,300 $17,800 Work in process 11,600 6,450 Finished goods 39,400 24,550 I Required: 1. Prepare a schedule of cost of goods manufactured. Direct materials: Raw materials available for use Raw materials used in production Manufacturing overhead: Total overhead costs Total manufacturing costs Total work in process inventory Cost of goods manufactured 2. Prepare the cost of goods sold section of Mason Company's income statement for the year. Goods available for sale == Cost of goods sold =

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