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The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Rav material purchases Selling expenses Administrative expenses Manufacturing overhead apelled to work in process Actual manufacturing overhead costs Inventories Beginning Ending Raw materials $ 8.500 10.600 Work in process $ 5.500 $ 21.000 Finished goods $ 74,000 $ 25,600 $ 559.000 $ 81.000 $ 130.000 $.108.000 $ 45.000 $ 229.000 $ 207.000 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 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold