The following data from the just completed year are taken from the accounting records of Mason Company: Sales $657,000 85,000 $134,000 $101,000 $ 40,000 Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in $206,000 process Actual manufacturing overhead costs $229,000 Beginning Ending 8,200 $10,500 Inventories Raw materials Work in s5,800 $20,300 process Finiahed goods $72,000 $25,600 Required: 1 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materlals 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 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 Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Required 1 Required 2 >