The following data from the just completed year are taken from the accounting records of Mason Company: Sales 651,e8e $ 90,0ee $ 136,0ee 105,eee $ 42,eee 210,eee 228,eee Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Beginning $ 8,980 $ 5,688 $ 74,0ee Ending $ 10,eee 20,880 $ 26,08e Work in process Finished goods 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 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 Total raw materials available Raw materials used in production Total manufacturing costs 0 Cost of goods manufactured Required 1 Required 2 The following data from the just completed year are taken from the accounting records of Mason Company: Sales $651,eee $ 90,eee $ 136,0ee 105,eee $ 42,eee 210,ee0 228,eee Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Beginning 8,980 $ 5,600 $ 74,0ee Ending 10,000 $ 20,800 $ 26,eee Raw materials Work in process Finished goods 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 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 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 The following data from the just completed year are taken from the accounting records of Mason Company: Sales 651,0ee $ 90,000 $ 136,eee $ 105,eee $ 42,0ee 210, eee 228,000 Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Work in process Finished goods Beginning $ 8,980 5,680 $ 74,0ee Ending 10,0ee 28,8ee 26,eee 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 an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement Mason Company Income Statement 0 Selling and administrative expenses: 0 0 Required 2 Required 3