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 Actual manufacturing overhead costs $ 654,000 S 84,000 3 135,000 5 104.000 $ 48.000 208,000 5 221.000 Raw materials Work in process Finished goods $ 8,500 10.700 $ 5.200 S 20.800 $ 70,000 25.800 Requirec 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials ason 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