1 Rainier Company Yakima Company $281,960.00 $177,500.00 (a) 175,500.00 2 Materials inventory, May 1 3 Materials inventory, May 31 * Materials purchased 5 Cost of direct materials used in production 713,600.00 341,100.00 752,000.00 (a) 6 Direct labor 1,060,000.00 (b) 327,800.00 179,000.00 (b) 1,036,000.00 2,681,600.00 1,479,000.00 7 Factory overhead Total manufacturing costs incurred in May 9 Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 12 Cost of goods manufactured 13 Finished goods inventory, May 1 541,800.00 443,000.00 450,800.00 (0) (0) 1,024,500.00 479,800.00 204,500.00 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) 18 Operating expenses 543,000.00 (0) 19 Net income (0) 380,700.00 Amount Descriptions Cost of direct materials used in production 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 in May Work in process inventory. May 1 a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Rainier Company Yakima Company a $ $ $ c $ d. $ e. $ $ Yakima Company Statement of Cost of Goods Manufactured For the Month Ended May 31 1 2 Direct materials: 3 4 5 6 1 10 11 Total manufacturing costs 12 15