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 650,000 s 83,000 139, 000 $ 104,000 $ 49,000 S 201,000 s 226,000 Inventories Beginning Ending Raw materials Work in process Finished goods $ 8,200 10,800 s 6,000 20,300 74,000 25,200 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 dule 2 Homework Help 7 kequired 1 Required 2Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Schodule of Cost of Goods Manufactured Direct materials: Book Hint Print erences Total raw materials available Raw materials used in production Total costs Cost of goods manufactured K Prev 7 of 8 Next > Required 1Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold Mason Company Schedule of Cost of Goods Sold ints eBook Hint Print