CH1: LO3 (90min) 1. PR.01.048 2. PR.01.048 ALOO 3. PR.01.058 4. PR 01.058 ALGO eBook Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several Rems 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 $61,110 $83,110 Materials inventory, December 311 (0) 93,910 Materials purchased 155,220 (A) Cost of direct materials used in production 163,770 (b) Direct labor 230,380 187,000 Factory overhead 71,500 93,080 Total manufacturing costs incurred in December (b) 537,720 Total manufacturing costs 582,980 582,980 Work in process inventory, December 11 117,330 200,300 Work in process inventory, December 31 99,000 (c) Cost of goods manufactured i (0) 532,740 Finished goods inventory, December 1 103,250 93,080 Finished goods inventory, December 31 108,160 (d) Sales 900,760 831,100 Cost of goods sold (d) 537,720 Check My Work 3 more Check My Work uses remaining Previous Next> Study Pack today Learn more our side. member on 3-25-21 2.26 PM