1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Off Company On Company 319,410 x $ 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 Work in process inventory, December 1 $ 173,240 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred during December Total manufacturing costs Work in process inventory, December 31 Cost of goods manufactured 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Sales $ 1,329,990 Cost of goods sold: Finished goods inventory, December 1 $ 152,490 Cost of goods manufactured Cost of finished goods available for sale $ Finished goods inventory, December 31 159,710 Cost of goods sold Gross profit Operating expenses Net income Manufacturing Income Statement, Statement of Cost of Goods Manufactured (b) 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 $90,230 $116,400 Materials inventory, December 31 (a) 131,530 Materials purchased 229,180 261,900 Cost of direct materials used in production 241,820 (a) Direct labor 340,170 Factory overhead 105,570 130,370 Total manufacturing costs incurred in December (b) 753,110 Total manufacturing costs 860,790 860,800 Work in process inventory, December 1 173,240 280,520 Work in process inventory, December 31 146,170 Cost of goods manufactured (c) 746,120 Finished goods inventory, December 1 152,490 130,370 Finished goods inventory, December 31 159,710 (d) Sales 1,329,990 1,164,000 Cost of goods sold 753,110 Gross profit (e) Operating expenses 173,240 Net income (f) 258,410 Required