Having trouble figuring which figues, or totals to calculate to get the correct answers/totals. Formulas would also be appreciated!

Manufacturing Income Statement, Statement of Cost of Goods Manufactured everal items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of Decem On Off Company Company Materials inventory, December 1 $90,440 $123,000 Materials inventory, December 31 (a) 138,990 Materials purchased 229,720 (a) Cost of direct materials used in production 242,380 (b) Direct labor 340,960 276,750 Factory overhead 105,810 137,760 Total manufacturing costs incurred in December (b) 795,810 Total manufacturing costs 862,790 862,790 Work in process inventory, December 1 173,640 296,430 Work in process Inventory, December 31 146,510 (c) Cost of goods manufactured (c) 788,430 Finished goods Inventory, December 1 152,840 137,760 Finished goods inventory, December 31 160,080 (d) Sales 1,333,090 1,230,000 Cost of goods sold (d) 795,810 Gross profit (e) (e) Operating expenses 173,640 (f) Net Income (1) 273,060 Required: 1. Determine the amounts of the missing items, Identifying them by letter. Enter all amounts as positive numbers. Letter On Company off Company 77,780 261,990 X b 689,150 716,280 d 709,040 933,570 X inished goods inventory, December 1 152,840 137,760 inished goods inventory, December 31 160,080 (d) 1,333,090 (d) ales Cost of goods sold Gross profit Operating expenses 1,230,000 795,810 (e) (0) (e) 173,640 det income 273,060 equired: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company off Company 77,780 261,990 X a. b. 689,150 C. $ 716,280 $ $ 709,040 933,570 x e. 624,050 $ 434,190 1 450,410 161,130 Check My Work 1. a. The cost of direct materials used in production includes the beginning materials inventory plus purchases, less the ending materials inventory. b. Total manufacturing costs incurred during December include direct materials, direct labor, and factory overhead. c. The cost of goods manufactured is beginning work in process plus total manufacturing costs less the ending work in process. d. The cost of goods sold is the beginning finished goods plus the cost of goods manufactured, less the ending finished goods. e. Sales minus cost of goods sold equals gross profit. 1. Gross profit minus operating expenses equals net income. Use similar relationships from On Company to find the missing amounts for the off company items (a) through (f)