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Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.Prepare On Company's statement of cost of goods manufactured
Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.Prepare On Company's statement of cost of goods manufactured for December.On CompanyStatement of Cost of Goods ManufacturedFor the Month Ended December Costs Type Amount Amount AmountPrepare On Company's Income statement for December.On CompanyIncome StatementFor the Month Ended December Line Item Description Amount Amount:Cost of goods sold:
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 Materials Inventory, December 1 $56,560 $72,960 Materials Inventory, December 31 (a) 82,440 Materials purchased 143,660 (a) Cost of direct materials used in production 151,580 (b) Direct labor 213,230 164,160 Factory overhead 66,180 81,720 Total manufacturing costs incurred In December (b) 472,050 Total manufacturing costs 539,590 539,590 Work In process Inventory, December 1 108,600 175,830 Work in process Inventory, December 31 91,630 (c) Cost of goods manufactured (c) 467,670 Finished goods Inventory, December 1 95,590 81,720 Finished goods Inventory, December 31 100,110 (d) Sales 833,690 729,600 Cost of goods sold (d) 472,050 Gross profit (e) (e) Operating expenses 108,600 (f) Net Income (f) 161,970 Required: 1. Determine the amounts of the missing items, Identifying them by letter. Enter all amounts as positive numbers. Letter a. b. C. d. e. f. On Company Off Company 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: Costs Type Amount Amount Amount Total manufacturing costs incurred during December Total manufacturing costs QO 3. Prepare On Company's Income statement for December. On Company Income Statement For the Month Ended December 31 Line Item Description Cost of goods sold: Amount Amount Q
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