The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direot Tabor 0001 Pamatorial Gurches Selling expenses Administrativo xD Manufacturing overhead solied to work in proces Actual manufacturing overhead costs $524.000 $ 70.000 $110.000 $140.000 $ 89.000 $90.000 $80.000 Inventories Raw materiale Work in process Finished goode Beginning Ending $ 7.000 $15.000 $10,000 $ 5.000 $ 20,000 $25.000 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 Required Required 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 Cost of goods manufactured