Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V which was started and completed during the current period, show charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2, 500 for direct materials and $4,000 for direct labor.. Should any overhead cost be added to Job W at year-end? If so, how much? Explain. Schedules of cost of Goods Manufactured and cost of Goods sold, Income The following data from the just completed year are taken from the accounting records of Mason Company; Prepare schedule of cost of goods manufactured. Assume all raw direct materials use in production were direct materials. Prepare a schedule cost of goods sold. Prepare an income statement