The following data from the just completed year are taken from the accounting records of Mason Company: $ 659,000 $ 87,000 $ 139,000 $ 103,000 $ 45,000 Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Work in process Finished goods Beginning $ 8,100 $ 5,800 $ 74,000 Ending $ 10,200 $ 20,700 $ 25,900 $ 229,000 $ 208,000

The following data from the just completed year are taken from the accounting records of Mason Company: Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Mason Company } \\ \hline Schedule of Cost of Goods Manufactured \\ \hline Direct materials \\ \hline & \\ \hline Total raw materials available \\ \hline & \\ \hline Direct materials used in production \\ \hline Total manufacturing costs added to production \\ \hline Total manufocturing costs to account for \\ \hline \end{tabular} Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplled overhead is closed ti of Goods Sold. Prepare an income statement