Gma = Lavronmental Sci. YouTube Exercises (1 pt) Saved Help Save CI The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor coat Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 651,000 $ 86,000 $ 130,000 $ 100,000 $ 49,000 $ 209,000 $ 224,000 3:56:04 ook Inventories Raw materiale Work in process Finished goods Beginning Ending $ 8.700 $ 10,200 $5.900 $ 20,100 $ 74,000 $ 25,500 ences 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: Required 2 Required 3 (Prey Next MacBook Air 888 00 @ Gmail Environmental Sci... YouTube ises (1 pt) 0 Saved Required 1 Required 2 Required 3 Prepare an income statement. Mason Company Income Statement Selling and administrative expenses: