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 $67,220 $86,710 Materials inventory, December 31 (a) 97,980 Materials purchased 170,740 (C) Cost of direct materials used in production 180,150 (b) Direct labor 253,420 195,100 Factory overhead 78,650 97,120 Total manufacturing costs incurred in December (b) 561,010 < Total manufacturing costs 641,200 641,280 Work in process inventory, December 1 129,060 208,970 Work in process inventory, December 31 108,900 (c) Cost of goods manufactured (c) 555,810 Finished goods inventory, December 1 113,600 97.120 Finished goods inventory, December 31 118,980 (d) Sales 990,820 867,100 Cost of goods sold (d) 561,010 Gross profit (e) (e) Operating expenses: 129,060 (f) Net income (f) 192,500 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. On Company Statement of Cost of Goods Manufactured For the Month Ended December 311 Work in process inventory, December 1 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred during December Total manufacturing costs Work in process inventory, December 311 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of goods sold: Sales 69 69 A 6