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ebook Pem Manufacturing Income Statement. Statamant of Coutor God Manufactured Several items are omitted from the income statement and cost of goods mancured statement data for two diferent companies for the month of December On off Company Company Materials inventory, December 1 $74,100 $97.310 Materials inventory, December 31 (a) 110.550 Materials purchased 168,210 (a Cost of direct materials used in production 198,590 b Direct labor 279,360 220,070 Factory overhead 36,700 109,550 Total manufacturing costs incurred in December b) 632,030 Total manufacturing costs 706,920 706.920 Work in process inventory, December 1 142,270 235.720 120.040 (c) Work in process inventory, December 31 626.960 Cost of goods manufactured 125.230 109,550 Finished goods inventory, December 1 131,160 (d) Finished goods inventory, December 31 1.092.230 978,100 Sales 1,092,230 978,100 Cost of goods sold (d) 632,830 Gross pront (0) Operating expenses 142,270 () Net Income (5) 217.140 Required: 1. Determine the amounts of the missing items, Identifying them by letter. Enter all amounts as positive numbers Letter On Company Off Company . b. C. d. 1. 2. Prepare On Company's statement of cost of goods manufactured for December On Company oral Goods Manufactured dow. Assession 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: QILI Total manufacturing costs incurred during December Total manufacturing costs ja Next a 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Cost of goods sold: bai Previous Next >

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