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Several items are omitted from the income statement and cost of goods manufactured statement data for two differont companies for the month of May: Required:
Several items are omitted from the income statement and cost of goods manufactured statement data for two differont companies for the month of May: Required: a. Determine the amounts of the missing items, identifying them by letter: b. Prepare Yakima Company's statement of cost of goods manufacturod for May. c. Prepare Yakima Company's income stafement for May. Instructions Lables and Amount Descriptions Starting Question Statement of Cost of Goods Manufactured Income Statement Labels For the Month Ended May 31 For the Yoar Ended May 31 Amount Descriptions Cost of direct materials used in production Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Direct labor Factory overhead Finished goods inventory, May 1 Finished goods imventory. May 31 Gross profit Materials inventory, May 1 Materials inventory, May 31 Net income Cost or materials avallabie tor use Direct labor Factory overhead Finished goods inventory, May 1 Finished goods inventory, May 31 Gross profit Materials inventory, May 1 Materials inventory, May 31 Net income Net loss Operating expenses Purchases Sales Total manufacturing costs incurred in May Total manufacturing costs Work in process inventory, May 1 Work in process inventory, May 31
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