1. 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 Company		Off Company
   Materials inventory, December 1	$55,060		$71,580
   Materials inventory, December 31	(a)		80,890
   Materials purchased	139,850		(a)
   Cost of direct materials used in production	147,560		(b)
   Direct labor	207,580		161,060
   Factory overhead	64,420		80,170
   Total manufacturing costs incurred in December	(b)		463,120
   Total manufacturing costs	525,280		635,630
   Work in process inventory, December 1	105,720		172,510
   Work in process inventory, December 31	89,200		(c)
   Cost of goods manufactured	(c)		458,830
   Finished goods inventory, December 1	93,050		80,170
   Finished goods inventory, December 31	97,460		(d)
   Sales	811,580		715,800
   Cost of goods sold	(d)		463,120
   Gross profit	(e)		(e)
   Operating expenses	105,720		(f)
   Net income	(f)		158,910

   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.	$	$
   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:
   	$
   	$
   		$
   Total manufacturing costs incurred during December
   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:
   	$
   	$
   		$
   		$