• Beginning work in process inventory
• Ending raw materials inventory
• Ending work in process inventory
• Manufacturing overhead cost
• Purchases of raw materia

2.

options are

• Beginning finished goods inventory
• Beginning raw materials inventory
• Beginning work in process inventory
• Ending finished goods inventory
• Ending raw materials inventory
• Ending work in process inventory

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 $ 652,000 $ 80,000 $ 133,000 $ 105,000 $ 45,000 $ 230,000 $ 207,000 Inventories Raw materials Work in process Finished goods Beginning $ 8,300 $ 5,600 $ 75,000 Ending $ 10, 300 $ 20,200 $ 25,200 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. Required 1 Required 2 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: Total raw materials available Direct materials used in production 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Mason Company Schedule of Cost of Goods Sold