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 $80,060 $109,680 Materials inventory, December 31 (a) 123,940 Materials purchased 203,350 (a) Cost of direct materials used in production 214,560 (6) Direct labor 301,830 246,780 Factory overhead 93,670 122,840 (b) 709,630 973,960 264,330 Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales (c) 703,050 122,840 763,780 153,720 129,700 (c) 135,300 141,710 1,180,080 (d) (e) 153,720 (0) (d) 1,096,800 709,630 Cost of goods sold Gross profit Operating expenses Net income 243,490 Required 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company a. b. S C. d. e. 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: 000 Total manufacturing costs incurred during December Total manufacturing costs a 000 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 $ Cost of goods sold: OO