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 $660,000 $ 82,000 $131,000 $105,000 $ 42,000 $207,000 $228,000 Inventories Beginning Ending Raw $ 8,100 $10,400 materials Work in 5,300 $20,900 process Finished $ 79,000 $25,800 goods 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 1. Prepare a schedule of cost of goods manutactured. 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. Requi... Requi... Requi... 2 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Show less Mason Company Schedule of Cost of Goods Manufactured Direct materials 100 Total raw materials available Raw materials used in production Total manufacturing costs Show le Mason Company Schedule of Cost of Goods Manufactured Direct materials. Total raw materials available C Raw materials used in production Total manufacturing costs Cost of goods manufactured K Required Required 2 > Complete this question by entering your answer tabs below. Requi... Requi... Requi... 11 2 B Prepare a schedule of cost of goods sold. Assume that company's underapplied or overapplied overhead is clo Goods Sold. Mason Company Schedule of Cost of Goods Sold 2. Prepare a schedule of cost of goods sold. Assume that the company's u 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. Requi... Requi... Requi... 2 3 Prepare an income statement. Mason Company Income Statement ma Selling and administrative expenses