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required 1-3 sum options The following data from the just completed year are taken from the accounting records of Mason Company. Required: 1. Prepare a
required 1-3 sum options The following data from the just completed year are 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 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. Beginning work in process inventory Ending raw materials inventory Ending work in process inventory Manufacturing overhead cost Purchases of raw materials Dronare an income statement. Mason Company Schedule of Cost of Goods Sold Beginning finished goods inventory Beginning raw materials inventory Beginning work in process inventory Ending finished goods inventory Ending raw materials inventory repare 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 that the company's of Goods Sold. Prepare an income statement
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