The T-accounts below summarize the ledger of Metlock, Inc. at the end of the first month of operations. Cash Apr. 1 13,700 Apr. 15 910 Apr. 12 640 Apr. 25 3,100 Apr. 29 540 Apr. 30 810 Accounts Receivable Apr. 7 6,000 Apr. 29 540 Supplies Apr. 4 6,200 Accounts Payable Apr. 25 3,100 Apr. 4 6,200 Unearned Service Revenue Apr. 30 810 Common Stock Apr. 1 13,700 Service Revenue Apr. 7 6,000 Apr. 12 640 Salaries and Wages Expense Apr. 15 910

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 $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.