The following data from the just completed year are taken from the accounting records of Mason Com Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 524,000 $ 70,000 $ 118,000 $ 140,000 $ 63,000 $ 90,000 $ 80,000 Inventories Raw materials Work in process Finished goods Beginning of Year $ 7,000 $ 10.000 $ 20.000 End of Year $ 15,000 $ 5.000 $ 35.000 Required: 1. 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 Direct materials