Saved The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Raw materiarchases Selling expenses Administrative expenses Manufacturing overhead appled to work in process tual manufacturing overhead costs $ 651,000 $ 84,000 $ 130,000 $ 109,000 $ 46,000 $ 210,000 $ 221,000 Inventories Raw materials Work in process Finished goods Beginning $ 8,900 $ 5,500 $ 75,000 Ending S 10,200 $ 20,400 $25,500 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. Check mi Complete this question by entering answers in the tabs below. Required 1 Required 2 oints Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. eBook Hint Print References Mason Company Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory $ 8.900 Add: Purchases of raw materials 130.000 Total raw materials available 138,900 Less: Ending raw materials inventory 10.200 Raw materials used in production Direct labor Manufacturing overhead Total manufacturing costs Add Beginning work in process inventory S 128.700 84.000 210 000 422.700 5.500 428 200 20.400 407.800 Less Ending work in process inventory Cost of goods manufactured Required 2 > GE 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 dosed to co of Goods Sold. eBook Hint Print Ferences Mason Company Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less Ending finished goods inventory (unadjusted cost of goods sold Add: Underapplied overhead Adjusted cost of goods sold 75,000 407.800 482,800 25.500 457,300 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepa income statement. Mason Company Income Statement ces Selling and administrative expenses