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 209,000 Actual manufacturing overhead costs $ 658,000 $81,000 $ 137,000 $ 104,000 $ 45,000 $ 228,000 Beginning End of Inventories Raw materials Work in process Finished goods Year of Year $ 8,300 10,600 $ 5,100 20,500 $ 78,000 $ 25,200 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