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 $90,610 Materials inventory, December 1 $120,510 Materials inventory, December 31 (a) 136,180 Materials purchased 230,150 (a) Cost of direct materials used in production 242,830 (b) Direct labor 341,600 271,150 Factory overhead 106,010 134,970 (b) 779,700 864,410 Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 1,070,130 290,430 173,970 146,790 (c) Cost of goods manufactured 772,470 153,130 134,970 Finished goods inventory, December 1 Finished goods inventory, December 31 160,380 (d) Sales 1,335,590 1,205,100 779,700 Cost of goods sold (d) Finished goods inventory, December 1 153,130 134,970 Finished goods inventory, December 31 160,380 (d) Sales 1,335,590 1,205,100 Cost of goods sold (d) 779,700 Gross profit (e) (e) Operating expenses 173,970 (f) Net income (f) 267,530 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. $ $ Accounting numeric field o o o w $ $ $ $ 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 Work in process inventory, December 1 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Less materials inventory, December 31 Cost of direct materials used Direct labor Factory overhead Total manufacturing costs incurred Total manufacturing costs Less work in process inventory, December 31 $ Cost of goods manufactured 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Sales Cost of goods sold: Finished goods inventory, December 1 Cost of goods manufactured Cost of finished goods available for sale Less finished goods inventory, December 31 Cost of goods sold Gross profit Operating expenses Net income