Question: Please look at the attached .PDF. I am looking for the schedule of costs, schedule of cost goods sold, and income statement. 2/12/2018 Chapter 3
Please look at the attached .PDF. I am looking for the schedule of costs, schedule of cost goods sold, and income statement.


2/12/2018 Chapter 3 Homework ACC 382 Spring Session A 2018: ACC 382 Franklin Lee Spring Session A 2018 Chapter 3 Homework Instructions I help 4 value: ' 4.00 points The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 524,000 Direct labor cost $ 70,000 Raw material purchases $ 118,000 Selling expenses $ 140,000 Administrative expenses $ 63,000 Manufacturing overhead applied to work in process $ 90,000 Actual manufacturing overhead costs $ 80,000 Beginning End of Inventories of Year Year Raw materials $ 7,000 $ 15,000 Work in process $ 10,000 $ 5,000 Finished goods $ 20,000 $ 35,000 I , , , 7 Required: 1. 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: Raw materials available for use Raw materials used in production Total manufacturing costs Cost of goods manufactured 2: Prepare a schedule of cost of goods sold: http://ezto.mheducation.com/hm.tpx 1/2 2/12/2018 Chapter 3 Homework Mason Company Schedule of Cost of Goods Sold Beginning finished goods inventory Goods available for sale Unadjusted cost of goods sold Adjusted cost of goods sold 3. Prepare an income statement. | Mason Company income Statement rev: 02_05_2016_QC_CS-40460 References eBook & Resources Worksheet Difculty: 1 Easy Learning Objective: 0306 Prepare schedules of cost of goods manufactured and cost ofgoods sold and an income statement. Check my work 2018 McGraw-HIII Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 2/2
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