Question: #10-E3-6(2) & E39(2) Help Save &Exit Submit Check my work The following data from the just completed year are taken from the accounting records of
#10-E3-6(2) & E39(2) Help Save &Exit Submit Check my work The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Rav naterial purchases Selling expenses Adminiatrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 659,000 $ 87,000 135,000 102,000 s 41,000 s201,000 $ 228,000 points eBook Hint ginning Ending Inventories Raw materials Work in process Pinished goods $ 8,900 10,600 5,100 $20,400 s75,000 $25,800 ReferencesR 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 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were dire Mason Company Schedule of Cost of Goods Manufactured Direct materials: ok Total raw materials available nt nces Raw materials used in production Total manufacturing costs Cost of goods manufactured Required 2> Required! Saved 9(2) 6 Required 1 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or ove of Goods Sold. Mason Company Schedule of Cost of Goods Sold Required 1 Required 3 Required 1 Required 2 Required 3 Prepare an income statement. Mason Company Income Statement Selling and administrative expenses: K Required 2 Reguired 3>
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