Manufacturing income statement, statement of cost of goods manufactured Instructions Lables and Amount Descriptions Starting Question 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 $100,000.00 $48,200.00 Materials inventory, May 31 (a) 50,000.00 Materials purchased 950,000.00 710,000.00 Cost of direct materials used in production 938,500.00 (a) 6 Direct labor 2,860,000.00 (b) 7 Factory overhead 1,800,000.00 446,000.00