Only the bold cells need to be completed.

Format must also follow bold cells.

The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 658,000 $ 86 , $ 134,000 $ 109,00 $ 49,000 $ 220, eee $ 209,000 Inventories Raw materials Work in process Finished goods Beginning $ 8,500 $ 5,000 $ 75,000 Ending $ 10, 380 $ 20,200 $ 25,700 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, Assume that the company's underapplied or overapplied overhead is closed to cost of Goods Sold 3. Prepare an income statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Mason Company Schedule of Cost of Goods Manufactured Prev 1 of 1 Next Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Mason Company Schedule of Cost of Goods Manufactured $ Direct materials: Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less Ending raw materials inventory Direct materials used in production Direct labor Manufacturing overhond 8.500 13.400 21.900 10,300 86,000 220,000 Total manufacturing costs added to production Total manufacturing costs to account for Loss Ending work in process inventory Cost of goods manufactured 300,000 306,000 20,200 Required 2 > Prey 1 of 1 Next to search 47'F Partly de Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Mason Company Schedule of Cost of Goods Sold Prev 1 of 1 !!! Next to search O . 47F Partly clo Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement. Mason Company Income Statement 0 Selling and administrative expenses 0 0