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 Rainier Company Yakima Company 2 Materials inventory, May 1 3 Materials inventory, May 31 $280,000.00 $177,000.00 (a) 175,000.00 Materials purchased 712,600.00 340,000.00 Cost of direct materials used in production 752,800.00 (a) 6 Direct labor 1,059,800.00 (b) 7 Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 326,600.00 179,400.00 (b) 1,038,000.00 2,679,200.00 1,480,500.00 10 Work in process inventory, May 1 $40,000.00 442,500.00 11 Work in process inventory, May 31 451,400.00 (c) 12 Cost of goods manufactured 1,026,500.00 13 Finished goods inventory, May 1 475,200.00 200,000.00 14 Finished goods inventory, May 31 495,600.00 (d)