Statement (LO3-3) The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct le cast Banaterial purchas Selling expenses $450,000 106,000 $134,000 $ 104,000 Administrative expenses $44,000 Hanifacturing overhead applied to work in process Actual manufacturing verheadsets $ 110,000 1.200,000 Desta Baterials 5.A.AM $5,00 Mork in process Finished Ending $ 14,200 120,000 $ 25,700 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 underappled or overapphed overhead is closed to Cost of Goods Sold 1 Prepare an income statement Complete this question by entering your answers in the tabs below Repred Rapired 3 Prepare a schedule of cost of goods manufactured. Assume a caw materials used in production were direct outerials Schedus of Cast of Goods Manchest Cart materials
10 14 010 Stences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 materia 0. Total raw materials available Dieect materials used in production Tutal manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Separat s Required 2 >
01 01 eferences 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 31 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 Sol Required 3 > Required 1
19 18 References 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. Mason Company Tecnine Statement Selling and administrative expenses Required 2 wow Cost
Exercise 3-6 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] The following data from the just completed year are taken from the accounting records of Mason Company pet Sales Direct labor cost Hau material parchases Selling expense $450,000 $ 56,000 5 134,000 $ 104,000 $44,000 administrative expenses Book Manut ting overhead applied to work in process Actual ufacturing overhead coses $ 220,000 $200,000 B Inventuries Anding CHIME au materials work in process Beginning $3,400 $1.500 $ 10.200 $20,000 $25,00 Finished goods $75,000 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 a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Pe Deferences
d Required Required 2 Required 3 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 rect material Total aver materies available Danct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured + Required 2 >
ol Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare 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 Required 3 > < Required 1
Retences Required 1 Required 2 Prepare an income statement, Selling and administrative expenses Required 3 IN Mason Company fecome Statement $ < Required 2
6 12 ports 01 01 B www 4 Exercise 3-6 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income 6 12 ports 01 01 B www 4 Exercise 3-6 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Stat
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