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 $73,530 $94,120 Materials inventory, December 31 (a) 106,360 Materials purchased 186,770 (a) Cost of direct materials used in production 197,060 (b) Direct labor 277,210 211,770 Factory overhead 86,030 105,410 Total manufacturing costs incurred in December (b) 608,960 Total manufacturing costs 701,480 835,790 Work in process inventory, December 1 141,180 226,830 Work in process inventory, December 31 119,120 (c) Cost of goods manufactured (c) 603,310 Finished goods inventory, December 1 124,270 105,410 Finished goods inventory, December 31 130,150 (d) Sales 1,083,830 941,200 Cost of goods sold (d) 608,960 Gross profit (e) (e) Operating expenses 141,180 (f) Net income (f) 208,950 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. $fill in the blank 1b83c0fed04905b_1 $fill in the blank 1b83c0fed04905b_2 b. $fill in the blank 1b83c0fed04905b_3 $fill in the blank 1b83c0fed04905b_4 c. $fill in the blank 1b83c0fed04905b_5 $fill in the blank 1b83c0fed04905b_6 d. $fill in the blank 1b83c0fed04905b_7 $fill in the blank 1b83c0fed04905b_8 e. $fill in the blank 1b83c0fed04905b_9 $fill in the blank 1b83c0fed04905b_10 f. $fill in the blank 1b83c0fed04905b_11 $fill in the blank 1b83c0fed04905b_12 Feedback 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 $fill in the blank 19fda5fb2037073_2 Direct materials: Materials inventory, December 1 $fill in the blank 19fda5fb2037073_4 Purchases fill in the blank 19fda5fb2037073_6 Cost of materials available for use $fill in the blank 19fda5fb2037073_8 Less materials inventory, December 31 fill in the blank 19fda5fb2037073_10 Cost of direct materials used in production $fill in the blank 19fda5fb2037073_12 Direct labor fill in the blank 19fda5fb2037073_14 Factory overhead fill in the blank 19fda5fb2037073_16 Total manufacturing costs incurred during December fill in the blank 19fda5fb2037073_17 Total manufacturing costs $fill in the blank 19fda5fb2037073_18 Less work in process inventory, December 31 fill in the blank 19fda5fb2037073_20 Cost of goods manufactured $fill in the blank 19fda5fb2037073_22 Feedback 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Sales $fill in the blank 44314e083073022_2 Cost of goods sold: Finished goods inventory, December 1 $fill in the blank 44314e083073022_4 Cost of goods manufactured fill in the blank 44314e083073022_6 Cost of finished goods available for sale $fill in the blank 44314e083073022_8 Less finished goods inventory, December 31 fill in the blank 44314e083073022_10 Cost of goods sold fill in the blank 44314e083073022_12 Gross profit $fill in the blank 44314e083073022_14 Operating expenses fill in the blank 44314e083073022_16 Net income $fill in the blank 44314e083073022_18 Feedback Feedback