PR 18-4B 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. scuch On Off Company Company Materials inventory, December 1 $ 65,800 $ 195,300 Materials inventory, December 31 (a) 301800 91,140 Materials purchased 282,800 (a) Cost of direct materials used in production 317,800 (b) Direct labor 387,800 577,220 Factory overhead (148,400 256,060 Total manufacturing costs incurred in December (b) 854,2D 1,519,000 Total manufacturing costs 973,000 1,727,320 Work in process inventory, December 1 119,000 208,320 Work in process inventory, December 31 172,200 Cost of goods manufactured #0880,800 1,532,020 Finished goods inventory, December 1 $ 224,000 $ 269,080 Finished goods inventory, December 31 197,400 (d) Sales 1,127,000 1,944,320 Cost of goods sold ) 1,545,040 Gross profit (e)-219,600 (e) Operating expenses 117,600 (f) Net income (f) 102,00 164,920 Instructions 1. Determine the amounts of the missing items, identifying them by letter. 2. Prepare On Company's statement of cost of goods manufactured for December. 3. Prepare On Company's income statement for December. (d)-907,400