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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

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 $65,800 $195,300
Materials inventory, December 31 (a) 91,140
Materials purchased 282,800 (a)
Cost of direct materials used in production 317,800 (b)
Direct labor 387,800 577,220
Factory overhead 148,400 256,060
Total manufacturing costs incurred in December (b) 1,519,000
Total manufacturing costs 973,000 1,727,320
Work in process inventory, December 1 119,000 208,320
Work in process inventory, December 31 172,200 (c)
Cost of goods manufactured (c) 1,532,020
Finished goods inventory, December 1 224,000 269,080
Finished goods inventory, December 31 197,400 (d)
Sales 1,127,000 1,944,320
Cost of goods sold (d) 1,545,040
Gross profit (e) (e)
Operating expenses 117,600 (f)
Net income (f) 164,920

Required:

Question Content Area

1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.

Letter On Company Off Company
a. $fill in the blank 3bfb2c0a205407f_1 $fill in the blank 3bfb2c0a205407f_2
b. $fill in the blank 3bfb2c0a205407f_3 $fill in the blank 3bfb2c0a205407f_4
c. $fill in the blank 3bfb2c0a205407f_5 $fill in the blank 3bfb2c0a205407f_6
d. $fill in the blank 3bfb2c0a205407f_7 $fill in the blank 3bfb2c0a205407f_8
e. $fill in the blank 3bfb2c0a205407f_9 $fill in the blank 3bfb2c0a205407f_10
f. $fill in the blank 3bfb2c0a205407f_11 $fill in the blank 3bfb2c0a205407f_12

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