On Off Materials inventory, December 1 Materials inventory, December 31 Company Company $55,330 $69,720 (a) 78,780 Materials purchased 140,540 (a) Cost of direct materials used in production 148,280 (b) Direct labor 208,590 156,870 Factory overhead 64,740 78,090 Total manufacturing costs incurred in December (b) 451,090 Total manufacturing costs 527,840 527,840 Work in process inventory, December 1 106,230 168,030 Work in process inventory, December 31 89,630 (c) Cost of goods manufactured (c) 446,910 Finished goods inventory, December 1 93,510 78,090 Finished goods inventory, December 31 97,930 (d) Sales 815,560 697,200 Cost of goods sold (d) 451,090 Gross profit (e) (e) Operating expenses 106,230 (f) Net income (f) 154,780 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter a. b. C. d. e. On Company Off Company 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: Costs Type Total manufacturing costs incurred during December Total manufacturing costs Amount $ Amount Amount 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Line Item Description Amount Amount Cost of goods sold: 10000