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 $55,550 $74,990 Materials inventory, December 31 (a) 84,740 Materials purchased 141,100 (a) Cost of direct materials used in production 148,870 (b) Direct labor 209,420 168,730 Factory overhead 64,990 83,990 Total manufacturing costs incurred in December (b) 485,190 Total manufacturing costs 529,940 665,920 Work in process inventory, December 1 106,660 180,730 Work in process inventory, December 31 89,990 (c) Cost of goods manufactured (c) 480,690 Finished goods inventory, December 1 93,880 83,990 Finished goods inventory, December 31 98,320 (d) 818,810 749,900 Cost of goods sold (d) 485,190 Gross profit (e) (e) Operating expenses 106,660 (1) Net Income () 166,480 Required: Sales 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. On Company off Company Letter a. b. c. d. 1. 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: Total manufacturing costs incurred Total manufacturing costs 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of goods sold