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. off On Company Company Materials inventory, December 1 $64,960 $85,750 Materials inventory, December 31 (a) 96,900 Materials purchased 165,000 Cost of direct materials used in production 174,090 244,900 192,940 Direct labor 76,000 96,040 Factory overhead Total manufacturing costs incurred in December (b) 554,800 Total manufacturing costs 619,710 761,460 Work in process inventory, December 1 124,720 206,660 105,240 Work in process inventory, December 31 Cost of goods manufactured (c) 549,660 Finished goods inventory, December1 109,780 96,040 Finished goods inventory, December 31 114,980 Sales 957,510 857,500 Cost of goods sold (d) 554,800 Gross profit Operating expenses 124,720 Net income (f) 190,370 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers Letter On Company Off Company 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. 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 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