The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed: Costs incurred: Direct labour cost.... Purchase of raw materials... Indirect labour..... Maintenance, factory equipment. Advertising expense...... Insurance, factory equipment.. Sales salaries.... Rent, factories facilities.. Supplies..... Depreciation, office equipment Depreciation, factory equipment. $ 70,000 118,000 30,000 6,000 90,000 800 50,000 20,000 4,200 3,000 19,000 3. Assume Beginning of End of the Year the Year Inventories: Raw materials... $ 7,000 $ 15,000 Work in process. 10,000 5,000 Finished goods.. 20,000 35,000 quired: Prepare a schedule of cost of goods manufactured in good form. Prepare the cost of goods sold section of Mason Company's income statement for the year.