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Mason Company provided the following data for this year: Sales Direct labor cost Raw material purchases Selling expenses Adninistrative expenses Nanufacturing overhead applied to work
Mason Company provided the following data for this year:
Sales
Direct labor cost
Raw material purchases
Selling expenses
Adninistrative expenses
Nanufacturing overhead applied to work in process
$
$
$
$
$
$
$
Actual panufacturing overhead costs
tableInventoriesBeginning,EndingRaw euterials,$ $ Work in process,$ $ Finished goods,$ $
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 underapplled or overapplied overhead is closed to Cost of Goods Sold
Prepare an income statement.
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Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.
tableMason CompanySchedule of Cost of Goods Manufactured,Dred matarials:,
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