The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 652,600 $ 86,999 $ 134,000 $ 101,000 $ 47,000 $ 209,000 $ 223, eee Inventories Raw materials Work in process Finished goods Beginning $ 8,709 $ 6,000 $ 71,000 Ending $ 10,400 $ 20,200 $ 25,900 Required: 1. 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 Costo Goods Sold 3. Prepare an income statement. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or ov of Goods Sold. Mason Company Schedule of Cost of Goods Sold