What are the total costs to account for if a company’s beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?

Mason Company provided the following data for this year: 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 $ 8,600 $ 5,800 $ 71,000 Ending $ 10,800 $ 20,000 $ 25,400 $ 653,000 $ 82,000 $ 133,000 $ 106,000 $ 45,000 $ 223,000 $ 201,000 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 the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income statement.

Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods​ sold:   Data Table Balances: Beginning Ending Direct Materials $20,000 $32,000 Work-in-Process Inventory 39,000 37,000 Finished Goods Inventory 14,000 23,000 Data Table Other information:   Purchases of direct materials $79,000 Direct labor 80,000 Manufacturing overhead 41,000 ​First, compute cost of goods manufactured.   Schedule of Cost of Goods Manufactured         Direct Materials Used:                                               Direct Materials Used                       Total Manufacturing Costs Incurred during the Year       Total Manufacturing Costs to Account For               Cost of Goods…

Selected T-accounts of Moore Company are given below for the just completed year Required:   1. What was the cost of raw materials used in production during the year?   2. How much of the materials in (1) above consisted of indirect materials?   3. How much of the factory labor cost for the year consisted of indirect labor?   4. What was the cost of goods manufactured for the year?   5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer.   6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year?   7. Was manufacturing overhead underapplied or overapplied? By how much?   8. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $11,250 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?