The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 651,000 Direct labor cost $ 87,000 Raw material purchases $ 138,000 Selling expenses $ 105,000 Administrative expenses $ 43,000 Manufacturing overhead applied to work in process $ 226,000 Actual manufacturing overhead costs $ 206,000 Inventories Beginning Ending Raw materials $ 8,000 $ 10,100 Work in process $ 5,100 $ 20,500 Finished goods $ 78,000 $ 25,900 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 Goods Sold. 3. Prepare a