Manufacturing Income Statement, Statement of Cost of GoodsManufactured

Several items are omitted from the income statement and cost ofgoods manufactured statement data for two different companies forthe month of December:

	On Company		Off Company
Materials inventory, December 1	$57,740		$75,060
Materials inventory, December 31	(a)		84,820
Materials purchased	146,660		(a)
Cost of direct materials used in production	154,740		(b)
Direct labor	217,680		168,890
Factory overhead	67,560		84,070
Total manufacturing costs incurred in December	(b)		485,640
Total manufacturing costs	550,840		550,840
Work in process inventory, December 1	110,860		180,890
Work in process inventory, December 31	93,540		(c)
Cost of goods manufactured	(c)		481,130
Finished goods inventory, December 1	97,580		84,070
Finished goods inventory, December 31	102,200		(d)
Sales	851,090		750,600
Cost of goods sold	(d)		485,640
Gross profit	(e)		(e)
Operating expenses	110,860		(f)
Net income	(f)		166,630

Required:

1. Determine the amounts of the missing items,identifying them by letter. Enter all amounts as positivenumbers.

Letter	On Company	Off Company
a.	$	$
b.	$	$
c.	$	$
d.	$	$
e.	$	$
f.	$	$

2. Prepare On Company's statement of cost ofgoods 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 forDecember.

On Company
Income Statement
For the Month Ended December 31
		$
Cost of goods sold:
	$
	$
		$
		$