The following data from the just completed year are taken from the accounting records of Mason Company sales $ 653,000 Direct labor cost $81.000 Raw material purchases $ 140,000 Selling expenses $107.000 Administrative expenses $ 43,000 Manufacturing overhead applied to work in process $ 221,000 hetual manufacturing overhead conta $ 205,000 Twentories Beginning Inding av materiala $9,000 10,300 Work in process 5.400 20,200 Tinished goods $ 78,000 $ 25,500 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 Complete this question by entering your answers in the tabs below. Reed Required 2 Required Prepare a schedule of cost of goods manufactured. Asume all raw materials used in production were direct material Mason Company Schedule of Cost of Goods Manufactured Direct N V B B N M al H