Obj. 4 anufactured statement Company PR 15-4A Manufacturing income statement, statement of cost of goods manufactured 1. 8. Yakima Several items are omitted from the income statement and cost of goods manufactured stas Company, data for two different companies for the month of May: $1,330,000 Rainier Yakima Company Materials inventory, May 1 $ 100,000 48,200 Materials inventory, May 31 (A) EXCEL TEMPLATE 50,000 Materials purchased 950,000 710,000 Cost of direct materials used in production 938,500 Direct labor 2,860,000 Factory overhead 1,800,000 446,000 Total manufacturing costs incurred in May 2,484,200 (B) (8) 777 Chapter 15 Introduction to Managerial Accounting (0) Rainier Yakima Company Company Total manufacturing costs 5,998,500 2,660,600 Work in process inventory, May 1 400,000 176,400 Work in process inventory, May 31 382,000 (C) Cost of goods manufactured 2,491,500 Finished goods inventory, May 1 S 615,000 $ 190,000 Finished goods inventory, May 31 596,500 (D) Sales 9,220,000 4,550,000 Cost of goods sold (D) 2,470,000 Gross profit Operating expenses bu 1,000,000 (F) Net Income (F) 1,500,000 Instructions 1. For both companies, determine the amounts of the missing items (A) through (F), identify ing them by letter. 2. Prepare Yakima Company's statement of cost of goods manufactured for May. 3. Prepare Yakima Company's income statement for May. (E)