Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December, On ORT Company Company Materials inventory, December 1 $56,720 $77,710 Materials inventory, December 31 (a) 87,810 Materials purchased 144,070 (a) Cost of direct materials used in production 152,010 (6) Direct labor 213,830 174,850 Factory overhead 66,360 87,040 Total manufacturing costs incurred in December (6) 502,780 Total manufacturing costs 541,100 690,060 Work in process inventory, December 1 108,900 187,280 Work in process inventory, December 31 91,890 (c) Cost of goods manufactured 498,120 Finished goods inventory, December 1 95,860 87,040 Finished goods inventory, December 31 100,390 (d) Sales 836,050 777,100 Cost of goods sold (d) 502,780 Gross profit (c) Operating expenses 108,900 (1) Net Income 172,520 s Required: 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. d. e. f. 2. Prepare On Company's statement of cost of goods manufactured for December 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 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