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 $ 654, 000 $ 84,000 $ 136,000 $ 110.000 $ 49,000 $ 222,000 $ 202.000 Inventories Raw materials Work in process Finished goods Beginning S 8, 100 $ 5,500 $ 71.000 Ending $ 11,000 $ 20,600 $ 25, 900 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhea Goods Sold 3. Prepare an income statement, riepare a SCICULIE DI LUSL UI yuuus Haruia lui eu. MSSURE all law Hatei iais useu ni pivuuLLIUTI Weie un Mason Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Direct materials used in production 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured 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 w Selling and administrative expenses: 0 $ 0