The following data from the just completed year are taken from the accounting records of Mason Company Salen $ 654,000 Direct labor cost $ 83,000 Raw material purchases $ 130,000 Selling expenses $ 100,000 Ministrative expenses $.44.000 Manufacturing overhead applied to work in process $ 229,000 Netual manufacturing overhead coats $ 204,000 Inventories Beginning Ending Raw materials $ 3,400 $10,700 Work in process $ 5,600 $ 20,400 Finisbed goods $ 79,000 $ 25,300 Required: Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold 3. Prepare an income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Required: 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 oo 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 overbread Sales Total manufacturing costs added to production Total manufacturing costs to account for Less Ending work in process inventory Cost of goods manufactured OO 3 0 0 . Required 2 > Answer is not complete. 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 is closed to Cost of Goods Sold Mason Company Schedule of Cont of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less Ending finished goods inventory Unadjusted cost of goods sold Add: Overapplied overhead Adjusted cost of goods sold Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement. Mason Company ooo 0 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expense Depreciation expense Net operating income OOOO 0 0