The following data from the just completed year Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process :31 Actual manufacturing overhead costs Inventories Raw materials $ Beginning 8,700 Ending $ 10,500 Work in process $ 5,700 $ 20,400 Finished goods $ 74,000 $ 25,300 $ 653,000 $ 90,000 $ 139,000 $ 105,000 $ 49,000 $ 229,000 $ 206,000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied o 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 Mairead Company Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials $ 10,000