Instructions Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May. 1 2 Materials inventory, May 1 3 Materials inventory, May 31 Materials purchased Cost of direct materials used in production Rainier Company Yakima Company $281.960.00 $177,500.00 (a) 175,500.00 713,600,00 341,100.00 752,000.00 (a) 1,060,000.00 (b) 327,800.00 179,000.00 (b) 1,036,000.00 2,681,600.00 1,479,000.00 6. Direct labor 541,800.00 443,000.00 7 Factory overhead 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 14 Finished goods inventory, May 31 450,800.00 10 1,024,500.00 (0) 479,800.00 204,500.00 495,400.00 (d) 4144,000.00 1,677,000.00 15 Sales Check My Work 3 more Check My Work uses remaining Fmall Instructor Save and Exit 391,000.00 450,800.00 11 Work in process inventory, May 31 12 Cost of goods manufactured 13 Finished goods inventory, May 1 14 Finished goods inventory, May 31 1s Sales 16 Cost of goods sold 17 Gross profit 18 Operating expenses 19 Net income (0) 479,800.00 495,400,00 443,000.00 (0) 1,024,500.00 204,500.00 (d) 1,677,000.00 1,052,000.00 (e) 4,144,000.00 (d) (e) 543,000.00 380,700.00 Required: 1. Determine the amounts of the missing items, identifying them by better. Enter all amounts as positive numbers. 2. Prepare Yakima Company's statement of cost of goods manufactured for May 3. Prepare Yakima Company's income statement for May. "Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions Nst provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear in it is required. Enter all amounts as positive numbers. ck My Work 3 more Check My Work uses remaining. Email Instructor Save and Exit Subm Labels For the Month Ended May 31 For the Quarter Ended May 31 For the Year Ended May 31 Amount Descriptions Cost of direct materials used Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Direct Labor IC 18 141 Factory overhead Finished goods inventory, May 1 Finished goods inventory, May 31 Gross profit Materials inventory, May 1 Materials inventory, May 31 150, (C) 79,8 Net income 195,4 144.00 Check My Work 3 more Check My Work uses remaining. actured staten Yal Company 81,960.00 (a) 13,600.00 instructions Labels and Amount Descriptions Se Cost of direct materials used Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Direct Labor Factory overhead Finished goods inventory, May 1 Finished goods inventory, May 31 Gross profit Materials inventory, May 1 Materials inventory, May 31 Net income Operating expenses Purchases Sales Total manufacturing costs incurred Work in process inventory, May 1 Work in process inventory, May 31 152.000.00 160,000.00 27,800.00 12 b) 1,036 191,600.00 1.479, . 41,800.00 443 50,800.00 10 TA... Id 1,024.50 79,800.00 204,500 SET 95,400.00 SO 44000.00 16770000 Check My Work 3 mare Check My Work uses remaining 28 Ooo ODD F4 F3 90 67 DU FB # & 2 de LC 1 Total manufacturing costs Check My Work 3 more Check My Work to remaining STATE Save and Sumegment for Grading JUUS Hanufactured Instructions Labels and Amount Descriptions Starting Question Statement of Cost of Goods Manufactured Yakima Company Statement of Cost of Goods Manufactured (Label) 1 > Direct materials: 3 4 5 6 7 9 10 11 Total manufacturing costs 12 15