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 OFT Company Company Materials inventory, December 1 $86,220 $110,300 Materials inventory, December 31 (a) 124,715 Materials purchased 218,900 (a) Cost of direct materials used in production 252,120 (b) Direct labor 325,010 248,290 Factory overhead 100,890 123,590 Total manufacturing costs incurred in December (b) 713,860 Total manufacturing costs 843,540 979,820 Work in process inventory, December 1 165,520 265,940 Work in process inventory, December 31 139,630 (c) Cost of goods manufactured (c) 707,260 Finished goods inventory, December 1 145,690 123,570 Finished goods invertory, December 31 152,570 (d) Sales 1,270,700 1,103,540 Cost of goods sold (d) 713,850 Grous profit () te) Operating expenses 165,500 Net Income 245,130 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter alt amounts as positive numbers Letter On Company Off Company 292,200 X 223,015 X b. 678,020 204,485 x C 699,855 x 272,560 X d 692,955 X 116,970 X 577.785 X 369,690 144,540 x 412,285 x 1 The cost of rectas nedin production includes the beginning is very plus puses, less the ending mainventory D Tot mancing more during December include crect matras rector and factory overed The cost of good martached is beginning work in process plus totamfacturing the ending work in process The cost of goods is the beginning frihed goods plus me cost of good manure, is the ending the goods ..amus cogoods said 's grous prott Gross profituar net income Usmonostoon Company to find the main amounts for the Company tough Next > Cucky Work