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Question: manufacturing income statement statement of cost of goods manufactured several...

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Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. On Company Off Company Materials inventory, December 1 $84,010 $111,730 Materials inventory, December 31 (a) 126,250 Materials purchased 213,390 (a) Cost of direct materials used in production 225,150 (b) Direct labor 316,720 251,390 Factory overhead 98,290 125,140 Total manufacturing costs incurred in December (b) 722,890 Total manufacturing costs 801,460 992,160 Work in process inventory, December 1 161,300 269,270 Work in process inventory, December 31 136,100 (c) Cost of goods manufactured (c) 716,190 Finished goods inventory, December 1 141,980 125,140 Finished goods inventory, December 31 148,700 (d) Sales 1,238,310 1,117,300 Cost of goods sold (d) 722,890 Gross profit (e) (e) Operating expenses 161,300 (f) Net income (f) 248,040 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company a. $ $ b. $ $ c. $ $ d. $ $ e. $ $ f. $ $ 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 $ Direct materials: $ $ $ Total manufacturing costs incurred during December Total manufacturing costs $ $ 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 $ Cost of goods sold: $ $ $ $

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