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 Off Company Company Materials inventory, December 1 $78,970 $101,080 Materials inventory, December 31 (a) 114,220 Materials purchased 200,580 (a) Cost of direct materials used in production 211,640 (b) Direct labor 297,720 227,430 Factory overhead 92,390 113,210 Total manufacturing costs incurred in December (b) 653,990 Total manufacturing costs 753,370 897,590 Work in process inventory, December 1 151,620 243,600 Work in process inventory, December 31 Cost of goods manufactured 127,930 (c) Finished goods inventory, December 1 Finished goods inventory, December 31 () 133,460 139,780 647,920 113,210 (d) Sales 1,164,020 1,010,800 Cost of goods sold (d) 653,990 Gross profit (e) (e) Operating expenses 151,620 (f) Net income (f) 224,400 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as Letter On Company Off Company a. b. e. d. C. +A LA +A LA +A $ +A +A LA LA +A 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 f. Direct materials: 0000 Total manufacturing costs incurred 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: LA 0000