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 2014: Grant Company McClellan Company Materials inventory, December 1 $64,910 $83,080 Materials inventory, December 31 (a) 93,880 Materials purchased 164,870 186,930 Cost of direct materials used in production 173,960 (a) Direct labor 244,710 (b) Factory overhead 75,940 93,050 Total manufacturing costs incurred during December (b) 537,530 Total manufacturing costs 619,240 737,750 Work in process inventory, December 1 124,630 200,220 Work in process inventory, December 31 105,150 (c) Cost of goods manufactured (c) 532,540 Finished goods inventory, December 1 109,700 93,050 Finished goods inventory, December 31 114,890 (d) Sales 956,770 830,800 Cost of goods sold (d) 537,530 Gross profit (e) (e) Operating expenses 124,630 (f) Net income (f) 184,440 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Grant Company McClellan Company a. $ $ b. $ $ c. $ $ d. $ $ e. $ $ f. $ $ Hide 2. Prepare McClellan Company's statement of cost of goods manufactured for December. Enter all amounts as positive numbers. McClellan Company Statement of Cost of Goods Manufactured For the Month Ended December 31, 2014 $ Direct materials: $ $ $ Total manufacturing costs incurred during December Total manufacturing costs $ $ Hide 3. Prepare McClellan Company's income statement for December. McClellan Company Income Statement For the Month Ended December 31, 2014 $ Cost of goods sold: $ $ $ $