Imagine you are the owner of a natural gas company. you can either extract as much of the resource as fast as possible or delay extraction until a future time. projections indicate that consumers will use more natural gas in the future even though the resource is becoming scarce, and therefore a higher price for natural gas is anticipated for the future. what would you do in the present

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.