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 Beginning $ 8,500 Ending $ 10,100 Work in process $ 5,000 $ 20,800 Finished goods $ 73,000 $ 25,600 $ 654,000 $ 87,000 $ 130,000 $ 102,000 $ 41,000 $220,000 $ 203,000 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 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct males Mason Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Direct materials used in production Tial manufacturing costs added to production Total manufacturing costs to account for Cast of goods manufactured Required 2 > 0 0 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 1.81 points References Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overappled overhead chod of Goods Sold. Mason Company Schedule of Cost of Goods Sold Prev 1 of 11 Next > 1 Complete this question by entering your answers in the tabs below. 81 oints Hint References Required 1 Required 2 Prepare an income statement. Required 3 Mation Company Income Statement Selling and administrative expenses: 0 0 $ 0