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 $ 71,000 121,000 30,500 6,180 91,00 910 51,000 24,500 4,700 21,500 3,600 Beginning of the Year End of the Year Inventories: Raw materials Work in process Finished goods $ 8,100 10,400 38,200 $16,600 5,250 23,350 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 Raw materials available for use Raw materials used in production Manufacturing overhead: Total overhead costs Total manufacturing costs Total work in process inventory 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 0 Goods available for sale $ 0 Cost of goods sold