12 14 15 17 19 20 23 25 32 Materials inventory, May 1 Materials inventory, May 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred during May Total manufacturing costs Work in process inventory, May 1 Work in process inventory, May 31 Cost of goods manufactured Finished goods inventory, May 1 Finished goods inventory, May 31 Sales Cost of goods sold Gross profit Operating expenses Net income @ (b) (c) (d) (e) (f) Rainier Company $ 100,000 950,000 938,500 2,860,000 1,800,000 5,998,500 400,000 382,000 9,220,000 (a) (b) 615,000 596,500 (d) 1,000,000 (C) (e) (f) Yakima Company $ 48,200 50,000 710,000 446,000 2,484,200 2,660,600 176,400 2,491,500 190,000 4,550,000 2,470,000 1,500,000

1312 14.1. Materials inventory, May 1 Maleriais inwentory, May 31 (a) Materials purchased 950.000 50,000 18 Cost of direct matenals used in production 938,500 710.000 Dired fabor 2,860,000 (a) Factory overhead (b) 1,800,000 Total manufacturing costs incurred during May (b) 5,998,500 400.000 382,000 (c) (c) 615,000 446,000 Total manufacturing costs Work in process inventory, May 1 Work in process imventory, May 31 596,500 2,484,200 Cost of goods manufactured Finished goods inventory, May 1 9,220,000 2,660,600 Finished goods inventory, May 31 Sales Cost of goods sold (d) 176.400 Grose profit (e) Operating expenses Net income (i) 1,000.000 2,491,500 190,000 (d) 4.550.000 2.470 .000 (e) (i) 1,500,000