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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 $90,830 $118,080 Materials inventory, December 31 (a) 133,430 Materials purchased 230,710 (a) Cost of direct materials used in production 243,420 (b) Direct labor 342,430 265,680 Factory overhead 106,270 132,250 Total manufacturing costs incurred in December (b) 763,980 Total manufacturing costs 866,510 1,048,550 Work in process inventory, December 1 174,390 284,570 Work in process inventory, December 31 147,140 (c) Cost of goods manufactured (c) 756,890 Finished goods inventory, December 1 153,500 132,250 Finished goods inventory, December 31 160,770 (d) Sales 1,338,830 1,180,800 Cost of goods sold (d) 763,980 Gross profit (e) (e) Operating expenses 174,390 (f) Net income (f) 262,140 Required: Question Content Area 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company a. $fill in the blank 8af348fb8f90fbf_1 $fill in the blank 8af348fb8f90fbf_2 b. $fill in the blank 8af348fb8f90fbf_3 $fill in the blank 8af348fb8f90fbf_4 c. $fill in the blank 8af348fb8f90fbf_5 $fill in the blank 8af348fb8f90fbf_6 d. $fill in the blank 8af348fb8f90fbf_7 $fill in the blank 8af348fb8f90fbf_8 e. $fill in the blank 8af348fb8f90fbf_9 $fill in the blank 8af348fb8f90fbf_10 f. $fill in the blank 8af348fb8f90fbf_11 $fill in the blank 8af348fb8f90fbf_12 Question Content Area 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 $- Select - Direct materials: $- Select - - Select - $- Select - - Select - $- Select - - Select - - Select - Total manufacturing costs incurred fill in the blank c8fe8c055ffefbc_17 Total manufacturing costs $fill in the blank c8fe8c055ffefbc_18 - Select - $- Select - Question Content Area 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 $- Select - Cost of goods sold: $- Select - - Select - $- Select - - Select - - Select - $- Select - - Select - $- Select -

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