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 Company Off Company Materials inventory, December 1 $66,360 $89,590 Materials inventory, December 31 (a) 101,240 Materials purchased 168,550 (a) Cost of direct materials used in production 177,840 (b) Direct labor 250,180 201,580 Factory overhead 77,640 100,340 Total manufacturing costs incurred in December (b) 579,650 Total manufacturing costs 633,070 633,070 Work in process inventory, December 1 127,410 215,910 Work in process inventory, December 31 107,500 (c) Cost of goods manufactured (c) 574,270 Finished goods inventory, December 1 112,150 100,340 Finished goods inventory, December 31 117,460 (d) Sales 978,150 895,900 Cost of goods sold (d) 579,650 Gross profit (e) (e) Operating expenses 127,410 (f) Net income (f) 198,890 Required:

Question Content Area 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. 2. Prepare On Company's statement of cost of goods manufactured for December. 3. Prepare On Company's income statement for December.