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 $84,960 $116,400 Materials inventory, December 31 (a) 131,530 Materials purchased 215,800 (a) Cost of direct materials used in production 227,690 (b) Direct labor 320,300 261,900 Factory overhead 99,400 130,370) Total manufacturing costs incurred in December (b) 753,1101 Total manufacturing costs 810,510 810,510 Work in process inventory, December 1 163,120 280,520 Work in process inventory, December 31 137,640 (c) Cost of goods manufactured (c) 746,120 Finished goods inventory, December 1 143,580 130,370 Finished goods inventory, December 31 150,380 (d) Sales 1.252.310 1,164,000 Cost of goods sold (d) 753,110 Gross profit (e) (e) Operating expenses 163,120 (f) Net income 00 258,410 Required: 1. Determine the amounts of the missing items, identifying them by latter. Enter all amounts as positive numbers. Letter M. b. On Company Off Company