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 Company Off Company Materials inventory, December 1 $70,220 $89,880 Materials inventory, December 31 (a) 101,560 Materials purchased 178,360 (a) Cost of direct materials used in production 188,190 (b) Direct labor 264,730 202,230 Factory overhead 82,160 100,670 Total manufacturing costs incurred in December (b) 581,520 Total manufacturing costs 669,900 798,130 Work in process inventory, December 1 134,820 216,610 Work in process inventory, December 31 113,760 (c) Cost of goods manufactured (c) 576,130 Finished goods inventory, December 1 118,670 100,670 Finished goods inventory, December 31 124,290 (d) Sales 1,035,040 898,800 Cost of goods sold (d) 581,520 Gross profit (e) Operating expenses 134,820 (e) (f) Net income (f) 199,530 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. 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 31 Direct materials: Total manufacturing costs incurred during December Total manufacturing costs 10000 0000 Direct materials: ] Q Total manufacturing costs incurred during December 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: 0000