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 $59,290 $78,260 Materials inventory, December (a) 88,430 31 Materials purchased 150,600 176,090 Cost of direct materials used in 158,900 production Direct labor 223,520 Factory overhead 69,370 87,650 Total manufacturing costs (b) 506,340 incurred in December Total manufacturing costs 565,630 565,630 Work in process inventory 113,840 188,610 December 1 Work in process inventory 96,050 December 31 Cost of goods manufactured (c) 501,650 Finished goods inventory 100,200 87,650 December 1 Finished goods inventory 104,940 December 31 Sales 873,930 782,600 (d) 506,340 Cost of goods sold Gross profit Operating expenses 113,840 (f) 173,740 Net income Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Off Company Letter On Company a. b. C. d. 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: Work in process inventory, December 31 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