Chapter 3 HW Help Save & A The following data from the just completed year are taken from the accounting records of Mason Company $ 651.000 $ 140,000 $ 100,000 points Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 209,000 Skipped Inventories Baterials Work in process Finished goods Beginning $ 8.500 $ 6.000 $ 77,000 Ending 10.500 20.700 $25,400 19 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 References 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: Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materi 2. Prepare a schedule of cost of goods sold. Assume that the company's und 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 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 Required 2 > Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials use 2. Prepare a schedule of cost of goods sold. Assume that the company's underappl 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 Selling and administrative expenses: Required 2