The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 650,000 Direct labor cost $ 89,000 Raw material purchases $ 137,000 Selling expenses $ 103,000 Administrative expenses $ 44,000 Manufacturing overhead applied to work in process $ 230,000 Actual manufacturing overhead costs $ 203,000 Inventories Beginning Ending Raw materials $ 8,300 $ 10,700 Work in process $ 5,700 $ 20,700 Finished goods $ 75,000 $ 25,400

Required: 1

. a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.

2. a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold.

3. an income statement.