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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 $69,650 (a) 176,910 off Company $91,940 103,890 130,660 262,580 Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Joirect labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process tvertory, December 1 Work in procentory, December 31 Cost of goods manufactured hd goodwentory, December 1 Wher goods lewy, December 11 (1) 206,870 102.970 594,850 81,490 (6) 064,460 664,400 221,500 113,710 112,10 1) 117,710 123.0 1,026,640 (d) 559.40 102,070 (0) 919.400 99450 (0) (Cost it goody cold Jooms proth Dim 133,730 (0) Operating expenses 204,110 Net income Required: 1. Determine the amounts of the missing items, identifying therf by letter. Enter all amounts as positive numbers. Letter On Company Off Company a. b. C. d. 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: 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 I si Direct materials: Total manufacturing costs incurred during December Total manufacturing costs 3. Prepare On Company's income statement for December On Company On Off Company Company $69,650 $91,940 (a) 103,890 Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production 176,910 (a) 186,660 (b) 206,870 Direct labor 262,580 81,490 Factory overhead 102,970 (b) 594,850 664,460 664,460 133,730 221,580 Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 112,830 589,340 117,710 102,970 (d) Sales 123,280 1,026,640 (d) 919,400 594,850 Cost of goods sold Gross profit (e) (e) 133,730 ( Operating expenses (6) 204,110 Net Income Required: 1. Determine the amounts of the missing items, identifying theif by letter. Enter all amounts as positive numbers. Letter On Company Off Company a. b. C. d. 1. 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. DO

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