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 $78,580 $100,580 Materials inventory, December 311 (a) 113,660 Materials purchased 199,590 (a) Cost of direct materials used in production 210,590 (b) Direct labor 296,250 226,310 Factory overhead 91,940 112,650 Total manufacturing costs incurred in December (b) 650,750 Total manufacturing costs 749,650 749,650 Work in process inventory, December 1 150,870 242,400 Work in process inventory, December 31 127,300 (c) Cost of goods manufactured i (c) 644,720 Finished goods inventory, December 1 132,800 112,650 Finished goods inventory, December 31 139,090 (d) Sales 1,158,270 1,005,800 Cost of goods sold (d) 650,750 Gross profit (e) (e) Operating expenses 150,870 (f) Net income Required: (n). 223,290 Mayt Required! 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter a. b. On Company Off Company d. 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 Check My Work 2 more Check My Work uses remaining. 000 Previous Ne 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: 1000 QOO 10000