Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May:

1		Rainier Company	Yakima Company
2	Materials inventory, May 1	$281,120.00	$176,500.00
3	Materials inventory, May 31	(a)	177,500.00
4	Materials purchased	713,200.00	340,300.00
5	Cost of direct materials used in production	751,600.00	(a)
6	Direct labor	1,058,600.00	(b)
7	Factory overhead	328,000.00	179,200.00
8	Total manufacturing costs incurred in May	(b)	1,034,000.00
9	Total manufacturing costs	2,678,800.00	1,477,500.00
10	Work in process inventory, May 1	540,600.00	443,500.00
11	Work in process inventory, May 31	451,000.00	(c)
12	Cost of goods manufactured	(c)	1,028,000.00
13	Finished goods inventory, May 1	476,000.00	200,500.00
14	Finished goods inventory, May 31	495,600.00	(d)
15	Sales	4,143,000.00	1,670,000.00
16	Cost of goods sold	(d)	1,051,500.00
17	Gross profit	(e)	(e)
18	Operating expenses	538,000.00	(f)
19	Net income	(f)	380,900.00

	Required:
	a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.
	b. Prepare Yakima Companys statement of cost of goods manufactured for May. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign
	c. Prepare Yakima Companys income statement for May. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive.

a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.

Letter	Rainier Company	Yakima Company
a.
b.
c.
d.
e.
f.

b. Prepare Yakima Companys statement of cost of goods manufactured for May. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Yakima Company

Statement of Cost of Goods Manufactured

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2	Direct materials:
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