Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cast of goods manufactured statement data for two different companies for the month of December On Off Company Company Materials inventory, December 1 $86,210 $110,320 Materials inventory, December 31 (a) 124,720 Materials purchased 219,900 (a) Cost of direct materials used in production 250,110 (b) Direct labor 325,030 248,280 Factory overhead 100,890 123,590 Total manufacturing costs incurred in December (6) 713.885 Total manufacturing costs 841,550 979.825 Work in process inventory, December 1 165,520 265,940 Work in process inventory, December 31 139.630 (c) Cost of goods manufactured (0) 707270 Finished goods inventory. December 1 145.690 124,570 Finished goods inventory, December 31 152,550 (d) Sales 1.270,720 1,103.520 Cost of goods sold 714,860 Gross profit () Operating expenses 165.500 04 Net Income 244,120 Required: 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. Note: If an amount should be subtracted, begin entry with a minus (-) sign. 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 M $ 3. Prepare On Company's income statement for December. Note: If an amount should be subtracted, begin entry with a minus (-) sign. On Company Income Statement For the Month Ended December 31 Cost of goods sold: $ S