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

Sales	$	655,000
Direct labor cost	$	82,000
Raw material purchases	$	131,000
Selling expenses	$	106,000
Administrative expenses	$	43,000
Manufacturing overhead applied to work in process	$	202,000
Actual manufacturing overhead costs	$	223,000

Inventories	Beginning of Year		End of Year
Raw materials	$	8,200	$	10,400
Work in process	$	5,600	$	20,700
Finished goods	$	79,000	$	25,500

Required:

1.	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:
Raw materials available for use
Raw materials used in production
Total manufacturing costs
Cost of goods manufactured

2.	Prepare a schedule of cost of goods sold.

3.	Prepare an income statement.

Mason Company
Income Statement
		0
Selling and administrative expenses:
		0
		$0

(Sorry for the quality. This is all I could really grab for this problem but I am hoping I put enough info to where this should make sense. Thank you.)