The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed: $ 81,000 Costs incurred: Direct labour cost Purchases of raw materials Indirect labour Maintenance, factory equipment Advertising expense Insurance, factory equipment Sales salaries Rent, factory facilities Supplies Depreciation, office equipment Depreciation, factory equipment A Beginning of the Year End of the Year Inventories: Raw materials Work in process Finished goods $ 9,100 11,400 24,350 $ 17,600 6,250 39,200 Required: 1. Prepare a schedule of cost of goods manufactured in good form. MASON COMPANY Schedule of Cost of Goods Manufactured Direct materials: Requirea: 1. Prepare a schedule of cost of goods manufactured in good form. MASON COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use Raw materials used in production Manufacturing overhead: Total overhead costs Total manufacturing costs Cost of goods manufactured 2. Prepare the cost of goods sold section of Mason Company's income statement for the year. MASON COMPANY Income Statement (Partial) For the year just completed Goods available for sale Cost of goods sold