Manufacturing Income Statement, Suitement of cost of Gooos Manted Several tems are omitted from the Income statement and cost of goods manufactured statement data for two afferent companies for the month of December 011 Company On Company $75,070 (a) 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 33 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales Cost of goods sold Gross pront Operating expenses 190,680 201,190 283,010 87,830 (6) 716.160 144,130 121.610 $96,840 109,430 (a) (5) 217.590 108.460 626,550 716160 233,380 (c 620,740 108.460 126,870 132.870 1.106.530 (e) S 838 968.400 526.550 () in 214,90 144,130 Net Income 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. 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 Eastery overhead Total manufacturing costs incurred during December Total manufacturing costs DIDI Materials inventory, December 31 Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred during December Total manufacturing costs Work in process inventory, December 31 Cost of goods manufactured ILIO 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