In recent years, the question of the lack of appropriate ethical behavior has been brought most strongly to the american public through the medias attention to : a, congressional hearings on the use of steroids. b, corporate scandals leading to the ruin of many major companies. c, changes in federal state and local fair housing laws. d, revisions of long-standing principles of a major religion

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.