2 10 points eBook Hint Print References The following data from the just completed year are taken from the accounting re

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2 10 Points Ebook Hint Print References The Following Data From The Just Completed Year Are Taken From The Accounting Re 1 (140.86 KiB) Viewed 13 times

2 10 points eBook Hint Print References The following data from the just completed year are taken from the accounting records of Mason Company: 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 $8,700 $ 5,400 $ 77,000 Ending $ 10,400 $ 20,800 $ 25,800 $ 653,000 $ 83,000 $ 137,000 $ 109,000 $ 48,000 $ 222,000 $ 203,000 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.
2 10 points eBook Hint Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Direct materials: Total raw materials available Required 3 Mason Company Schedule of Cost of Goods Manufactured Direct materials used in production Cost of goods manufactured Total manufacturing costs added to production Total manufacturing costs to account for 0 0
2 10 points eBook Hint Print References 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 < Required 1 Required 3 >
2 10 points eBook Hint Print 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: $ < Required 2 0 0 0 Required 3 >