Manufacturing Income Statement, Statement of Cost of Good Manufactured Several items are omitted from the income statement and cont of goods manufactured statement data for two different companies for the month of December On oll Company Company Materials inventory, December 1 $60,830 $77,250 Materials inventory, December 31 () 87,290 Materials purchased 154,510 (a) Cost of direct materials used in production 163,020 fb) Direct labor 229,330 173,810 Factory Overhead 71,170 86,520 Total manufacturing costs incurred in December (b) 499,810 Total manufacturing costs 580.310 580,310 Work in process inventory, December 1 116,790 186,170 Work in process inventary, December 31 98,540 (c Cost of goods manufactured (C) 495,170 Finished goods inventory, December 1 102,800 86.520 Finished goods inventory, December 31 107,670 (0) Sales 896,630 772,500 Cost of goods sold (0) 499,00 899,00 772 SUU (d) 499,810 Cost of goods sold Gross profit Operating expenses Net income Required: 116,790 (f) (1) 171,500 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company off Company a. b. c. 5 d. $ e. $ f. $ 2. Prepare On Company's statement of cost of goods manufactured for December On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Previo Statement of Cost of Goods Manufactured For the Month Ended December 31 Direct materials: Total manufacturing costs incurred during December Total manufacturing costs 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Cost of goods sold: Check My Work