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 $1$

$$100,000\mathrm{.}00$

$$48,200\mathrm{.}00$

$3$

Materials inventory, May $31$

$($a$)$

$50,000\mathrm{.}00$

$4$

Materials purchased

$950,000\mathrm{.}00$

$710,000\mathrm{.}00$

$5$

Cost of direct materials used in production

$938,500\mathrm{.}00$

$($a$)$

$6$

Direct labor

$2,860,000\mathrm{.}00$

$($b$)$

$7$

Factory overhead

$1,800,000\mathrm{.}00$

$446,000\mathrm{.}00$

$8$

Total manufacturing costs incurred in May

$($b$)$

$2,484,200\mathrm{.}00$

$9$

Total manufacturing costs

$5,998,500\mathrm{.}00$

$2,660,600\mathrm{.}00$

$10$

Work in process inventory, May $1$

$400,000\mathrm{.}00$

$176,400\mathrm{.}00$

$11$

Work in process inventory, May $31$

$382,000\mathrm{.}00$

$($c$)$

$12$

Cost of goods manufactured

$($c$)$

$2,491,500\mathrm{.}00$

$13$

Finished goods inventory, May $1$

$615,000\mathrm{.}00$

$190,000\mathrm{.}00$

$14$

Finished goods inventory, May $31$

$596,500\mathrm{.}00$

$($d$)$

$15$

Sales

$9,220,000\mathrm{.}00$

$4,550,000\mathrm{.}00$

$16$

Cost of goods sold

$($d$)$

$2,470,000\mathrm{.}00$

$17$

Gross profit

$($e$)$

$($e$)$

$18$

Operating expenses

$1,000,000\mathrm{.}00$

$($f$)$

$19$

Net income

$($f$)$

$1,500,000\mathrm{.}00$

Required:

a$.$ Determine the amounts of the missing items, identifying them by letter.

b$.$ Prepare Yakima Company$$s statement of cost of goods manufactured for May.

c$.$ Prepare Yakima Company$$s income statement for May.