the following cost and inventory data are taken from the 369264

The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:

Costs incurred:???Direct labor cost…………………………? $70,000

??Purchases of raw materials ……………..?$118,000

??Indirect labor……………………………? $30,000

??Maintenance, factory equipment………..? $6,000??

Advertising expense……………………..? $90,000

??Insurance, factory equipment……………? $8,000

??Sales salaries…………………………….? $50,000??

Rent, factory facilities…………………..? $20,000??

Supplies………………………………….? $4,200

??Depreciation, office equipment………….? $3,000

?? Depreciation, factory equipment…………? $19,000

???Beginning of the year ?End of the year

??Inventories;????

Raw materials……………………$7,000 $15,000

Work in proces……………………s$10,000 $5,000

Finished goods……………………$20,000 $35,000

Required:

1. Prepare a schedule of cost of goods manufactured in good form.

2. Prepare the cost of goods sold section of Mason Company