I would like to know specifically how to know when you are making a Schedule of Cost of Goods Sold, how do you know if you should Add: or Less: the Overapplied$/$Underapplied Overhead?Mason Company provided the following data for this year:

Required:

Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.

Prepare a schedule of cost of goods sold. Assume the company's underapplied or overapplied overhead is closed to Cost of Goods

Sold.

Prepare an income statement. d

d