The following data from the just completed year are taken fr

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 $652,000 $ 82,000 $134,000 $ 102,000 $ 41,000 203,000 $221,000 Beginning End of Inventories Raw materials Work in process Finished goods Year of Year $ 8,300 $ 10,700 $ 5,000 $ 20,000 $ 71,000 $ 26,000

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Mason Company
Schedule of Cost of Goods Manufactured
Particulars	Details	Amount
Direct materials:
Beginning Inventory of Raw materials	$8,300.00
Add: Purchases of Raw materials	$134,000.00
Raw material Available for use	$142,300.00
Less: Ending Invemtory of Raw materials	$10,700.00
Raw Material used in production		$131,600.00
Direct labor cost		$82,000.00
Manufacturing overhead applied to work in process		$203,000.00
Total Manufacturing Costs		$416,600.00
Add: WIP Inventory Beginning		$5,000.00
Less: WIP Inventory Ending		$20,000.00
Cost of goods manufactured		$401,600.00