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Sales $ 654,000 Direct labor cost $ 83,000 Raw material purchases $ 137,000 Selling expenses $ 102,000 Administrative expenses $ 47,000 Manufacturing overhead applied to

Sales $ 654,000
Direct labor cost $ 83,000
Raw material purchases $ 137,000
Selling expenses $ 102,000
Administrative expenses $ 47,000
Manufacturing overhead applied to work in process $ 221,000
Actual manufacturing overhead costs $ 209,000

Inventories Beginning Ending
Raw materials $ 8,100 $ 10,400
Work in process $ 6,000 $ 20,800
Finished goods $ 77,000 $ 25,800

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Mason Company Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Mason Company Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Unadjusted cost of goods sold Adjusted cost of goods sold Mason Company Income Statement

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