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 $8,300 $ 10, 800 55,000 $20,700 $ 79,000 $ 25, 300 5655,000 $ 88,000 $ 137,000 5 102,000 $44,000 $226,000 $ 200,000 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 HW-Chot 2/3 2.5 4 porn The following data from the just completed year are taken from the accounting records of Mason Company sales Direct labor cost Raw material purchases) $55,000 188,000 $137,000 S Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventortes Beginning Ending How materials 0,300 $10,000 work in process 15,000 20,700 Finished goods 79,000 25,300 P IMP $182,000 $44,000 3:220,000 3209,000 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. Required 1 2 Required Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials Help Save & Exit Submit Check my work 2.5 4 Required 1 Required 2 Required 3 points Sapped 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 wook Direct materials H P Res 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 2 > 0 HW-Chpt 2/3 4 2.5 points Skoped eBlock He P References Saved Required 1 Required 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 Help HW-Chpt 2/3 4 2.5 points Sipped Required 1 Required 21 Prepare an income statement. Required 3 Mason Company Income Statement Book Him Port Selling and administrative expenses Chee