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 $97,030 $74,640 (a) 189,590 109,640 (a) (b) 200,040 281,390 87,330 Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods Inventory, December 1 Finished goods Inventory, December 31 Sales (b) 712,070 218,320 108,670 627,780 712,070 233,840 143,310 120,920 621,960 108,670 126,140 132,110 1,100,190 (d) 970,300 627,780 (e) (e) Cost of goods sold Gross profit Operating expenses Net Income Required: 143,310 215,410 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. 1. 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: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct materials used in production Direct labor Qol Direct labor Factory overhead Total manufacturing costs incurred during December Total manufacturing costs Work in process inventory, December 31 Cost of goods manufactured 3. Prepare On Company's income statement for December On Company Income Statement For the Month Ended December 31 Sales Cost of goods sold: Finished goods Inventory, December 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, December 31 Cost of goods sold Gross profit Operating expenses Net Income