Instructions Labels and Amount Descriptions Starting Question Instructions 1 Rainier Company $281,960,00 Yakima Company $177,500.00 175,500.00 (a) 2 Materials inventory, May 1 3 Materials inventory, May 31 4 Materials purchased 5 Cost of direct materials used in production 713,600.00 341,100.00 752,000.00 (a) (b) 6 Direct labor 1,060,000.00 327,800.00 179,000.00 1,036,000.00 7 Factory overhead 8 Total manufacturing costs incurred during May 9 Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 1,479,000.00 (6) 2,681,600.00 541,900.00 450,800.00 443,000.00 (9) 12 Cost of goods manufactured 1,024,500.00 (0 479,800.00 204,500.00 15 Finished goods inventory, May 1 14 Finished goods inventory, May 31 495,400.00 (d) 15 Sales 4,144,000.00 1,677,000.00 Instructions 7 Factory overhead 327,800.00 179,000.00 (b) 1,036,000.00 1,479,000.00 2,681,600.00 541,800.00 443,000.00 8 Total manufacturing costs incurred during May 9 Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 12 Cost of goods manufactured 13 Finished goods inventory, May 1 11 Finished goods inventory, May 31 450,800.00 (0) 1,024,500.00 (0) 479,800.00 204,500.00 495,400.00 (d) 15 Sales 4,144,000.00 1,677,000.00 16 Cost of goods sold (d) 1,052,000.00 (e) 17 Gross profit (e) 543,000.00 (0 18 Operating expenses 19 Net income (0) 380,700.00 Required: 1. Determine the amounts of the missing Items, identifying them by letter. Enter all amounts as positive numbers. 2. Prepare Yakima Company's statement of cost of goods manufactured for May 3. Propare Yakima Company's income statement for May "Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entrios. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers. Income Statement Yakima Company Income Statement (Label) 1 2 Cost of goods sold: 3 4 5 6 7 Statement of Cost of Goods Manufactured Yakima Company Statement of Cost of Goods Manufactured (Label) 1 2 Direct materials 3 4 5 6 7 . 9