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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 Off Company Company Materials inventory, December 1 $82,710 $105,040 Materials inventory, December 31 (a) 118,700 Materials purchased 210,080 Cost of direct materials used in production 221,660 (b) Direct labor 311,820 236,340 Factory overhead 96,770 117,640 Total manufacturing costs incurred in December (b) 679,610 Total manufacturing costs 789,050 932,760 Work in process inventory, December 1 158,800 253,150 Work in process inventory, December 31 133,990 Cost of goods manufactured (c) 673,310 Finished goods inventory, December 1 139,780 117,640 Finished goods inventory, December 31 146,400 (d) 1,219,150 1,050,400 Cost of goods sold (d) 679,610 Gross profit Operating expenses 158,800 Net income 233,190 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company Sales 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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