1 Rainier Company Yakima Company 2 Materials inventory, May 1 $281,960.00 $177,500.00 3 Materials inventory, May 31 (a) 175,500.00 4 Materials purchased 713,600.00 341,100.00 5 Cost of direct materials used in production 752,000.00 (a) 6 Direct labor 1,060,000.00 (b) 7 Factory overhead 327,800.00 179,000.00 8 Total manufacturing costs incurred during May (b) 1,036,000.00 9 Total manufacturing costs 2,681,600.00 1,479,000.00 10 Work in process inventory, May 1 541,800.00 443,000.00 11 Work in process inventory, May 31 450,800.00 (0) 12 Cost of goods manufactured (c) 1,024,500.00 479,800.00 204,500.00 13 Finished goods inventory, May 1 14 Finished goods inventory, May 31 495,400.00 (d) 15 Sales 4,144,000.00 1,677,000.00 16 Cost of goods sold (d) 1,052,000.00 17 Gross profit (e) (e) 18 Operating expenses 543,000.00 (0) 19 Net income (1) 380,700.00 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. 2. Prepare Yakima Company's statement of cost of goods manufactured for May.* 3. Prepare Yakima Company's income statement for May.* *Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers. Labels and Amount Descriptions Labels For the Month Ended May 31 For the Quarter Ended May 31 For the Year Ended May 31 Amount Descriptions Cost of direct materials used Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Direct Labor Factory overhead Finished goods inventory, May 1 Finished goods inventory, May 31 Gross profit Materials inventory, May 1 Materials inventory, May 31 Net income Operating expenses Purchases Sales Total manufacturing costs incurred Work in process inventory, May 1 Work in process inventory, May 31 Starting Question 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Rainier Company Yakima Company a. $ b. C. $ d. $ e. f. Statement of Cost of Goods Wanufactured 2. PH Making women are good morny Ban mobil swing Flow! And Ama Dervis wir es vacang wanita ini memili waris Yake Company Slaimertul Cost of Good Mornaclured (Label) 2 Direct beats 1.1 Total manufacturing ents Income Statement 3. Pay Yakima campanya ng taw to My Drumsmate the roma hivy. Polar Annie And Axa Daring a w for the Arct wiming of the ASA CEAS MO MT AMAR Tan' or Tamil automatically pro. Enw all amount avanumhare Yama Comar coma amet (Label) ? Cook of goods sold