Saved 3 The following data from the just completed year are taken from the accounting records of Mason Company 25 points Sales Direet Labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 653,000 $ 86,000 $ 136,000 $ 110,000 $ 45,000 $207,000 $ 230,000 Book Hint Inventories Raw materials Work in process Finished goods Beginning $ 8,500 $ 6,000 $ 76,000 Ending $ 10,400 $ 20,400 $ 25,900 Print References 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 3. Prepare an income statement Goods Sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare a schedule of cost of goods manufactured, Assume all raw materials used in production were direct materials Mason Company Schedule of Coat of Goede Manufactured Direct material Totaw material avale Raw materials used in production Total manufacturing could Cost of goods manualued Required) Hint Inventories Raw materials Work in proceso Pinished goods Beginning inding $ 8,500 $ 10,400 $ 6,000 $ 20,400 $ 76,000 25.500 Print References 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 1 Required 2 Required 3 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 Work in probe Finished goods $ 6,000 $ 76,000 $ 20,400 6 25.500 Print 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, References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement. Mason Company Income Statement Selling and administrative expenses 0 0 $