answer req 1-3

The following data from the just completed year are taken from the accounting records of Mason Company Sales $ 65,00 Direct labor cost $ 60,000 itaw material purchases $ 117.000 Selling expenses $ 101.000 Administrative expenses $4,000 Manufacturing overhead applied to work in process $223,000 Actual manufacturing overhead costs $ 200,000 Inventaries Beginnin Ending Raw materials $ 0,300 $10,700 Work in process $ 5,600 $ 21,000 Finished goods 574.000 $ 25,100 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. ces Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 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 $ 658,000 $.88,000 $ 137,000 $ 101,000 $ 48,000 $ 223,000 $ 204,800 Inventories Beginning Ending Raw materials $ 8,300 $ 19,700 Work in process $ 5,600 $ 21,000 Finished goods $ 74,000 $ 25, 100 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 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 materials