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 s Cost of direct materials used in production Rainier Company Yakima Company $281,120.00 $176,500.00 (a) 177,500.00 713,200.00 340,300.00 751,600.00 (a) Direct labor 1,058,600.00 (b) 7 Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 328,000.00 179,200.00 (b) 1,034,000.00 2,678,800.00 1,477,500.00 to Work in process inventory, May 1 540,600.00 443,500.00 11 Work in process inventory, May 31 451,000.00 (c) 12 Cost of goods manufactured 1,028,000.00 13 Finished goods inventory, May 1 476,000.00 200,500.00 Instructions 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 15 Sales 16 Cost of goods sold 17 Gross profit 11 Operating expenses 19 Net income 540,600.00 445,500.00 451,000.00 (c) (c) 1,028,000.00 476,000.00 200,500.00 495,600.00 (d) 4,143,000.00 1,670,000.00 (d) 1,051,500.00 (e) (e) 538,000.00 (1) 380,900.00 Required: a. Determine the amounts of the missing items, identifying them by letter. b. Prepare Yakima Company's statement of cost of goods manufactured for May c. Prepare Yakima Company's income statement for May