The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cont Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead coats oped $ 554,000 $ 85,000 $ 135,000 $ 104,000 $ 45,000 $ 230,000 $ 201,000 Book Hint Print Inventories Raw materials Work in process Finished goods Beginning $ 8,100 85,500 $ 73,000 Ending $ 10,800 $ 20,200 $ 25,900 erences 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 Cost of Goods Sold 3. Prepare an income statement. 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 d Direct materials: Total raw materials available ces Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for 0 0 Cost of goods manufactured Roquatred Required 2 > 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 Cost of Goods Sold hces Required 1 Required 2 Required 3 Prepare an income statement. Mason Company Income Statement od 0 Selling and administrative expenses nces 0