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 $81,850 $111,320 Materials inventory, December 31 (a) 125,790 Materials purchased 207,900 (a) Cost of direct materials used in production 219,360 (b) Direct labor 308,570 250,470 Factory overhead 95,760 124,680 Total manufacturing costs incurred in December (b) 720,240 Total manufacturing costs 780,840 780,840 Work in process inventory, December 1 157,150 268,280 Work in process inventory, December 31 132,600 (c) Cost of goods manufactured (c) 713,560 Finished goods inventory, December 1 138,330 124,680 Finished goods inventory, December 31 144,870 (d) Sales 1,206,470 1,113,200 Cost of goods sold (d) 720,240 Gross profit (e) (e) Operating expenses 157,150 (f) Net income Required: (f) 247,130 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter a. On Company Off Company f. 100000 Direct materials: 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 0000 Total manufacturing costs incurred during December Total manufacturing costs LT 10000 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 Indirect labor Machinery depreciation Supplies Work in process inventory, December 1 Total manufacturing costs incurred during December Total manufacturing costs 10000 0000 000 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: Direct labor Factory overhead Materials inventory, December 1 Work in process inventory, December 31 0000 000 10000 Total manufacturing costs incurred during December Total manufacturing costs 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: Factory overhead Operating expenses Purchases Sales 0000 0000 Total manufacturing costs incurred during December Total manufacturing costs 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: Cost of direct materials used in production Cost of goods manufactured Cost of goods sold Cost of materials available for use 0000 000 10000 Total manufacturing costs incurred during December Total manufacturing costs 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: Indirect labor Materials inventory, December 31 Work in process inventory, December 1 Work in process inventory, December 31 Total manufacturing costs incurred during December Total manufacturing costs 0000 0000 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: Tota Cost of direct materials used in production Cost of goods manufactured Cost of goods sold Cost of materials available for use Total manufacturing costs er 000 0000 0000 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: Cost of goods sold Direct labor Indirect labor Work in process inventory, December 1 December 000 0000 0000 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: Cost of materials available for use Direct materials Factory overhead Purchases uring December 000 10000 10000 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: 0000 000 0000 Total manufacturing costs incurred during December Total manufacturing costs Cost of materials available for use Direct materials Materials inventory, December 31 Work in process inventory, December 31 t 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 1000 0000 Cost of direct materials used in production Cost of goods manufactured Cost of goods sold or December. Cost of materials available for use 0000 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Cost of goods sold: QOQO 0000 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 $ Cost of goods sold Gross profit Indirect labor Sales 10000 0000 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 $ Cost of goods sold Gross profit Indirect labor Sales 10000 0000 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Cost of goods sold: Finished goods inventory, December 1 Finished goods inventory, December 31 Operating expenses Sales 0000 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Cost of goods sold: Cost of direct materials used in production Cost of goods manufactured Cost of goods sold Cost of materials available for use 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Cost of goods sold: Cost of direct materials used in production Cost of finished goods available for sale Cost of goods manufactured Cost of materials available for use 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Cost of goods sold: 000 Finished goods inventory, December 1 Finished goods inventory, December 31 Operating expenses Sales 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Cost of goods sold: 0000 Cost of direct materials used in production Cost of goods manufactured Cost of goods sold Cost of materials available for use 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of goods sold: Cost of goods sold Gross profit Operating expenses Sales 0000 0000 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of goods sold: 10000 10000 Direct labor Factory overhead Finished goods inventory, December 1 Operating expenses 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Cost of goods sold: Net income Net loss 0000 0000