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 $69,990 $95,190 Materials inventory, December 31 (a) 107,560 Materials purchased 177,770 (a) Cost of direct materials used in production 187,570 (b) Direct labor 263,860 214,180) Factory overhead 81,890 106,610 Total manufacturing costs incurred in December (b) 615,880 Total manufacturing costs 667,700 845,290 Work in process inventory, December 1 134,380 229,410 Work in process inventory, December 31 113,380 (c) Cost of goods manufactured (c) 610,170 Finished goods inventory, December 11 118,280 106,610 Finished goods inventory, December 31 123,880) (d) Sales 1,031,650 951,900 Cost of goods sold (d) 615,880 Finished goods inventory, December 1 118,280 106,610 Finished goods inventory, December 31 123,880 (d) Sales 1,031,650 951,900 Cost of goods sold Gross profit (d) 615,880 (e) (e) Operating expenses 134,380 (f) Net income (f) 211,320 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter a. C. d. e. f. On Company Off Company X x x 2. Prepare On Company's statement of cost of goods manufactured 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 Work in process inventory, December 1 Direct materials: 1 Materials inventory, December 1 Purchases Factory overhead Less materials inventory, December 31 Cost of goods manufactured Indirect labor Direct materials Total manufacturing costs incurred Total manufacturing costs Less materials inventory, December 31 X Cost of goods sold x 10000 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of finished goods available for sale X Cost of goods sold: Finished goods inventory, December 31 Cost of goods sold X Cost of goods manufactured Less indirect labor X Cost of goods sold Gross profit Finished goods inventory, December 1 Net loss X X x X