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Please solve this, exactly like its posted. Please no abbreviations and incomplete answers, with as...

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Accounting

Please solve this, exactly like its posted. Please no abbreviations and incomplete answers, with as much explanation as possible. THANK YOU

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Exercise 3-11 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement CLO3-6] The following data from the just completed year are taken from the accounting records of Mason Company: 652,000 Sales Direct labor cost 89,000 Raw material purchases 132,000 Selling expenses 103,000 45,000 Administrative expenses Manufacturing overhead applied to work in process 209,000 220,000 Actual manufacturing overhead costs Beginning End of of Year Year nventories Raw materials 8,700 10,400 Work in process 5,200 20,300 Finished goods 72,000 25,300

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