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 $88,210 $118,200 Materials inventory, December 31 (a) 133,570 Materials purchased 224,050 (a) Cost of direct materials used in production 236,400 (b) Direct labor 332,550 265,950 Factory overhead 103,210 132,380 Total manufacturing costs incurred in December (b) 764,750 Total manufacturing costs 841,520 841,520 Work in process inventory, December 1 169,360 284,860 Work in process inventory, December 311 142,900 (e) Cost of goods manufactured (c) 757,660 Finished goods inventory, December 1 149,070 132,380 156,130 (d) Finished goods inventory, December 311 Sales Cost of goods sold 1,300,220 1,182,000) (d) 764,750 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: Costs Type Total manufacturing costs incurred during December Total manufacturing costs 3. Prepare On Company's income statement for December. On Company Income Statement Amount Amount Amount 0000 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Line Item Description Amount Amount Cost of goods sold: 10000