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 Inventories Raw materials Work in process Finished goods Required: Beginning Ending $ 9,000 $ 10,700 $ 5,400 $ 20,500 $ 71,000 $ 25,800 $ 657,000 $ 81,000 $ 135,000 $ 107,000 $ 41,000 $ 225,000 $ 201,000 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct mate 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is c Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 Direct materials used in production Total manufacturing costs added to production 0 Inventories Raw materials Beginning Ending $ 9,000 $ 10,700 Work in process $ 5,400 $ 20,500 Finished goods $ 71,000 $ 25,800 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production w 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplie Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were dir Mason Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Required 1 Required 2 > 0 0 Raw materials Work in process Finished goods Required: $ 9,000 $ 10,700 $ 5,400 $ 20,500 $ 71,000 $ 25,800 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used 2. Prepare a schedule of cost of goods sold. Assume that the company's underappli Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or ov of Goods Sold. Mason Company Schedule of Cost of Goods Sold < Required 1 Required 3 > Inventories Raw materials Beginning Ending $ 9,000 $ 10,700 Work in process Finished goods $ 5,400 $ 20,500 $ 71,000 $ 25,800 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in produ 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or over Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement. Mason Company Income Statement Selling and administrative expenses: 0 0 $ 0 < Required 2 Required 3