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need help solving please Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods
need help solving please
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 On Company Company Materials inventory, December 1 Materials inventory, December 31 $62.970 $79,340 (0) 89,650 Materials purchased 159,940 (a) Cost of direct materials used in production 168,760 (6) 178,520 Direct labor 237,400 Factory overhead 73,670 58,860 Total manufacturing costs incurred in December (6) 513,330 Total manufacturing costs 600,730 600,730 Work in process inventory, December 1 120,900 191,210 Work in process inventory, December 31 102,010 () Cost of goods manufactured c) 508,570 Finished goods inventory, December 1 Finished goods inventory, December 31 106,420 38,860 111,460 (d) Sales 925,180 793,400 Cost of goods sold 513,330 Gross profit (e) (e) Operating expenses 120,900 ( Niet income 0 176,130 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. d. e. 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 Direct materials 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: > Check My Work 4 more Check My Work te remaining Step by Step Solution
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