Several items are omitted from the income statement and cost of goods manufactured statement data for...

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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 Materials inventory, May 1 Materials inventory, May 31 Materials purchased Cost of direct materials used in production 6 Direct labor 7 Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 12 Cost of goods manufactured 13 Finished goods inventory, May 1 14 Finished goods inventory, May 31 15 Sales 16 Cost of goods sold 17 Gross profit 18 Operating expenses 19 Net income Rainier Company Yakima Company $281,960.00 $177,500.00 (a) 175,500.00 713,600,00 341,100,00 752,000,00 (a) 1,060,000.00 (b) 327,800.00 179,000.00 (b) 1,036,000.00 2,681,600.00 1,479,000.00 541,800.00 443,000.00 450,800.00 (c) (c) 1,024,500.00 479,800.00 204,500.00 495,400.00 (d) 4,144,000.00 1,677,000.00 (d) 1,052,000.00 (e) (e) 543,000.00 (1) 380,700.00 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 Materials inventory, May 1 Materials inventory, May 31 Materials purchased Cost of direct materials used in production 6 Direct labor 7 Factory overhead Total manufacturing costs incurred in May Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 12 Cost of goods manufactured 13 Finished goods inventory, May 1 14 Finished goods inventory, May 31 15 Sales 16 Cost of goods sold 17 Gross profit 18 Operating expenses 19 Net income Rainier Company Yakima Company $281,960.00 $177,500.00 (a) 175,500.00 713,600,00 341,100,00 752,000,00 (a) 1,060,000.00 (b) 327,800.00 179,000.00 (b) 1,036,000.00 2,681,600.00 1,479,000.00 541,800.00 443,000.00 450,800.00 (c) (c) 1,024,500.00 479,800.00 204,500.00 495,400.00 (d) 4,144,000.00 1,677,000.00 (d) 1,052,000.00 (e) (e) 543,000.00 (1) 380,700.00