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 coats $653,000 $ 82,000 $ 137,000 $ 101,000 $ 41,000 $ 205,000 $ 229,000 Inventorien Raw materials Work in process Pinished goods Beginning $ 8,500 $ 5,400 $ 74,000 Ending $ 10,400 $ 20,900 $ 25, 100 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in productio 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 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: . nt Total raw materials available rences Raw materials used in production Total manufacturing costs Cost of goods manufactured Required 2 > als 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 Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. 17:21 Required 1 Required 2 Required 3 ook 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 Cont of Goods Sold Print eferences Complete this question by entering your answers in the tabs below. 01:17:13 Required 1 Required 2 Required 3 Prepare an income statement. Book Mason Company Income Statement Hint Print Seling and administrative expenses References