The following data from the just completed year are taken from the accounting records of Mason Company:

Required:

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

materials.

Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is

closed to Cost of Goods Sold.

Prepare an income statement.

Complete this question by entering your answers in the tabs below.

Prepare a schedule of cost of goods sold. Assume that the company's underapplied or

overapplied overhead is closed to Cost of Goods Sold.