Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Prepare an income statement. Prepare a schedule of cost of goods sold. Ansume that the company's underapplied or overapplied overhead is of Goods Sold. Exercise 3-6 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] The following data from the just completed year ate taken from the accounting records of Mason Company: Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production wore 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. Prepare a schedule of cost of goods manufactured, Assume all raw materiels used in productopn were direct materhals