The following data from the just completed year are taken from the accounting records of Mason Company:

Requlred:

Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materlals.

Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of

Goods Sold.

Prepare an income statement.

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Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost

of Goods Sold.