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On Off Company Company $80,830 $110,740 Materials inventory, December 1 Materials inventory, December 31 (a)...

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Accounting

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On Off Company Company $80,830 $110,740 Materials inventory, December 1 Materials inventory, December 31 (a) 125,140 205,310 (a) Materials purchased Cost of direct materials used in production 216,620 (b) Direct labor 304,730 249,170 Factory overhead 94,570 124,030 (b) 716,490 771,110 983,370 155,190 266,880 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 31 130,940 (c) 709,840 136,600 124,030 143,070 (d) Sales 1,107,400 1,191,430 (d) 716,490 Cost of goods sold Gross profit Operating expenses 155,190 () Net income (f) 245,840 n... 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: TA Total manufacturing costs incurred Total manufacturing costs $

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