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	$280,560.00	$176,000.00
3	Materials inventory, May 31	(a)	176,500.00
4	Materials purchased	712,400.00	340,400.00
5	Cost of direct materials used in production	752,800.00	(a)
6	Direct labor	1,058,000.00	(b)
7	Factory overhead	325,600.00	180,000.00
8	Total manufacturing costs incurred during May	(b)	1,034,000.00
9	Total manufacturing costs	2,677,200.00	1,477,000.00
10	Work in process inventory, May 1	540,800.00	443,000.00
11	Work in process inventory, May 31	451,800.00	(c)
12	Cost of goods manufactured	(c)	1,026,500.00
13	Finished goods inventory, May 1	479,200.00	202,500.00
14	Finished goods inventory, May 31	497,000.00	(d)
15	Sales	4,143,000.00	1,673,500.00
16	Cost of goods sold	(d)	1,045,000.00
17	Gross profit	(e)	(e)
18	Operating expenses	543,000.00	(f)
19	Net income	(f)	381,300.00

Required:

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.*

C.

Prepare Yakima Companys income statement for May.*

Yakima Company

Statement of Cost of Goods Manufactured

1
2	Direct materials:
3
4
5
6
7
8
9
10
11	Total manufacturing costs
12
13