The following data from the just completed year are taken from the accounting records of Mason Company. $ 656,000 $ 88,0

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The Following Data From The Just Completed Year Are Taken From The Accounting Records Of Mason Company 656 000 88 0 1 (59.89 KiB) Viewed 10 times

The Following Data From The Just Completed Year Are Taken From The Accounting Records Of Mason Company 656 000 88 0 2 (52.26 KiB) Viewed 10 times

The Following Data From The Just Completed Year Are Taken From The Accounting Records Of Mason Company 656 000 88 0 3 (48.89 KiB) Viewed 10 times

The following data from the just completed year are taken from the accounting records of Mason Company. $ 656,000 $ 88,000 $ 132,000 $ 109,000 $ 41,000 $ 227,000 $ 205,000 Sales. Direct labor cost. Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials: Work in process Finished goods 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 Goods Sold. 3. Prepare an income statement. Beginning $ 9,000 $ 5,700 $ 73,000 Complete this question by entering your answers in the tabs below. Direct materials: Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Total raw materials available. Ending $ 10,300 $ 20,400 $ 25,800 Mason Company Schedule of Cost of Goods Manufactured Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured

The following data from the just completed year are taken from the accounting records of Mason Company. $ 656,000 $ 88,000 $ 132,000 $ 109,000 $ 41,000 $ 227,000 $ 205,000 Sales Direct labor cost Raw material purchases. Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Work in process Finished goods Beginning $9,000 $ 5,700 $ 73,000 Ending $ 10,300 $ 20,400 $ 25,800 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 3 Required 1 Required 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. Mason Company Schedule of Cost of Goods Sold Saved < Required 1 Required 3 >

The following data from the just completed year are taken from the accounting records of Mason Company: $ 656,000 $ 88,000 $ 132,000 $ 109,000 $ 41,000 $ 227,000 $ 205,000 Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Work in process Finished goods Beginning. $9,000 $ 5,700 $ 73,000 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 1 Required 2 Required 3 Prepare an income statement. Ending $ 10,300 $ 20,400 $ 25,800 Mason Company Income Statement Selling and administrative expenses: < Required 2 Required 3 >