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 Company $81,880 Off Company $109,720 123,980 (a) (b) (a) 207,980 219.440 308,690 246,870 95,800 (6) 122,890 709,890 Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales Cost of goods sold Gross profit 781,140 264,430 781,140 157,210 132,650 (c) 138,380 144,930 1,206,910 (c) 703,310 122,890 (d) (d) (e) 1,097,200 709,890 (e) Operating expenses 157,210 (Y Net Income 243,580 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. III Ilu 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 Direct materials: 9 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