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: Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Fesdback Theck My Work 1. b. Total manufacturing costs incurred during December include direct materials, direct babor, and factory overhead. e. Sales minus cost of goods sold equals gross profit. 1. Gross profit minus operating expenses equais net income. Use similar relationships from On Company to find the missing amounts for the Orf Company items (a) through (f). 2. Prepare On Company's statement of cost of goods manufactured for December. Feedoack Theck My Work, 2. The cost of goods manufactured is the beginning work in process. plus the cost of direct materials used in production plus direct labor and factory overhe 3. Prepare On Company's income statement for December