The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed: 1 Costs incurred: $ 81,000 Direct labor cost 75 139,000 $ Purchases of raw materials points 207,000 $ Manufacturing overhead Skipped Advertising expense 41,000 104,000 Sales salaries 221,000 Depreciation, office equipment Beginning of the Year End of the Year Inventories: Raw $8,800 $10,500 materials Work in 5,300 $20,700 process Finished $73,000 $25,700 goods Required: 1. Prepare a schedule of cost of goods manufactured. MASON COMPANY Schedule of Cost of Goods Manufactured SOlo schid Saved Wk 1- Apply: Connect Assignment, Week 1 (due Mon] 1 End of Beginning of the Year the Year Inventories: Raw materials $ 8,800 $10,500 7.5 Work in $5,300 $20,700 points process Finished $73,000 $25,700 Skipped goods Required: 1. Prepare a schedule of cost of goods manufactured. MASON COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use Raw materials used in production Total manufacturing costs Cost of goods manufactured Prev Saved oly: Connect Assignment, Week 1 [due Mon] i Total manufacturing costs Cost of goods manufactured Prepare the cost of goods sold section of Mason Company's income statement for the 2. year MASON COMPANY Schedule of Cost of Goods Sold Beginning finished goods inventory Goods available for sale Cost of goods sold ( Prev 1 of 8 Ne