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can i have some help on this matter please thank you Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from
can i have some help on this matter please thank you
Manufacturing Income Statement, Statement of Cost of Goods Manufactured 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 $195,300 Materials inventory, December 1 Materials inventory, December 31 Materials purchased $65,800 (a) 91,140 (a) 282,800 317,800 Cost of direct materials used in production (b) Direct labor 387,800 577,220 Factory overhead $948,400 (b) 256,060 1,519,000 1,727,320 973,000 Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 119,000 208,320 172,200 (c) Cost of goods manufactured (0) 1,532,020 224,000 Finished goods inventory, December 1 Finished goods inventory, December 31 269,080 (d) 197,400 Sales 1,944,320 1,127,000 (d) 1,545,040 Cost of goods sold Gross profit Operating expenses Net income (e) (e) 117,600 (0) 164,920 Required: 1. Determine the amounts of the missing items, Identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company 64,570 X 312,830 X a. b. 300,240 X Check My Work Net income Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company a. 64,570 X 312,830 X b. $ $ 300,240 x C. $ $ 328,850 x d. S $ 102,660 x e. 341,880 x f. 126,870 X Feedback Check My Works 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: 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: Total manufacturing costs incurred during December Total manufacturing costs Feedback Check My Work 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of goods sold: Feedback Check My Work Feedback Step by Step Solution
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