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 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 $ 70,000 180,000 45,000 6,000 90,000 1,900 50,000 24,000 3,600 17,000 4,500 Beginning of the Year End of the Year Inventories: Raw materials Work in process Finished goods $ 18,000 10,300 18,100 $12,500 15, 150 23,000 1. Prepare a schedule of cost of goods manufactured. MASON COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use 0 Raw materials used in production $ 0 Manufacturing overhead: 0 Total overhead costs Total manufacturing costs Total work in process inventory 0 Cost of goods manufactured $ 0 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 0 Cost of goods sold $ $ 0