The following data from the just completed year are taken from the accounting records of Mason Company Sales $ 653,000 Direct labor cost $ 81,000 Raw material purchases $ 132,000 Selling expenses $ 107,820 Administrative expenses $ 42,080 Manufacturing overhead applied to work in process $ 224,000 Actual manufacturing overhead costs 5 206,000 Inventories Beginnine Ending Raw materials $ 8,300 $ 19,900 Work in process $ 5,400 $ 21,000 Finished goods 5 71,000 $ 25,909 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepore a schedule of cost of goods sold, Assume that the company's underapplied or overopplied overhead is closed to Cost of Goods Sold 3. Prepare an income statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Mason Company Schedule of Cost of Goods Manufactured Direct materials Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less Ending raw materials inventory Direct materials used in production Direct labor Manufacturing overhead Manufacturing overhead Total manufacturing costs added to production Total manufacturing costs to account for Less Beginning work in process inventory Cost of goods manufactured 0 0 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead of Goods Sold. Mason Company Schedule of Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement. Mason Company Income Statement Selling and administrative expenses S