QUESTION 3 Question three (5 points) The following data from the just completed year are taken from the accounting records of Mason Company: Sales $262,000 Direct labor cost $35,000 Raw material purchases $59,000 Selling expenses. $70,000 Administrative expenses... $31,500 Manufacturing overhead applied to work in process $45,000 Actual manufacturing overhead costs S40,000 Inventories Beginning of Year End of Year Raw materials $3,500 $7,500 Work in process $5,000 $2,500 Finished goods $10,000 $17.500 Resulted: Prepare a schedule of cost of goods manufactured. Assume all raw materiale ed in production were direct materials For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI VS Paragraph Arial 14px 111 ch 2