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 $68,110 $91,950 Materials Inventory, December 31 (a) 103,900 Materials purchased 173,000 (a) Cost of direct materials used in production 182,530 (b) Direct labor 256,770 206,890 Factory overhead 79,690 102,980 Total manufacturing costs incurred in December (b) 594,920 Total manufacturing costs 649,760 816,520 Work in process inventory, December 1 130,770 221,600 Work in process inventory, December 31 110,340 (c) Cost of goods manufactured (c) $89,400 Finished goods inventory, December 1 115,110 102,980 Finished goods Inventory, December 31 120,550 (d) Sales 1,003,940 919,500 Cost of goods sold (d) 594,920 Gross profit (e) (e) Operating expenses 130,770 (f) (f) 204,130 Net income 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. 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 Total manufacturing costs 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: 10000