The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor coat Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead coats $ 659.000 5.86.000 $ 132,000 $ 101,000 $ 44,000 $ 227.000 $ 201,000 Inventories HAM materials Work in process Tinished goods Beginning 58,700 $ 5,500 $75,000 Inding $ 10.000 5 20.800 $ 25,800 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 3. Prepare an income statement Goods Sold 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 Required 1 Required 3 >