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	$65,800		$195,300
Materials inventory, December 31	(a)		91,140
Materials purchased	282,800		(a)
Cost of direct materials used in production	317,800		(b)
Direct labor	387,800		577,220
Factory overhead	148,400		256,060
Total manufacturing costs incurred in December	(b)		1,519,000
Total manufacturing costs	973,000		1,727,320
Work in process inventory, December 1	119,000		208,320
Work in process inventory, December 31	172,200		(c)
Cost of goods manufactured	(c)		1,532,020
Finished goods inventory, December 1	224,000		269,080
Finished goods inventory, December 31	197,400		(d)
Sales	1,127,000		1,944,320
Cost of goods sold	(d)		1,545,040
Gross profit	(e)		(e)
Operating expenses	117,600		(f)
Net income	(f)		164,920

Required:

Question Content Area

1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.

Letter	On Company	Off Company
a.	$fill in the blank 23cb910c1079001_1	$fill in the blank
b.	$fill in the blank 23cb910c1079001_3	$fill in the blank
c.	$fill in the blank 23cb910c1079001_5	$fill in the blank
d.	$fill in the blank 23cb910c1079001_7	$fill in the blank
e.	$fill in the blank 23cb910c1079001_9	$fill in the blank
f.	$fill in the blank 23cb910c1079001_11	$fill in the blank

Question Content Area

2. Prepare On Company's statement of cost of goods manufactured for December.

On Company Statement of Cost of Goods Manufactured For the Month Ended December 31

Indirect labor, Machinery depreciation, Supplies, Work in process inventory, December 1			$- Select -
Direct materials:
Direct labor, Factory overhead, Materials inventory, December 1Work in process, December 31	$- Select -
Factory overhead, Operating expenses, Purchases, Sales	- Select -
Cost of direct materials used in production, Cost of goods manufactured, Cost of goods sold, Cost of materials available for use	$- Select -
Less indirect laborLess materials inventory, December 31Less work in process inventory, December 1Less work in process, December 31	- Select -
Cost of direct materials used in production, Cost of goods manufactured, Cost of goods sold, Cost of materials available for use		$- Select -
Cost of goods sold, Direct labor, Indirect labor, Work in process inventory, December 1		- Select -
Cost of materials available for use, Direct materials, Factory overhead, Purchases		- Select -
Total manufacturing costs incurred during December			fill in the blank 82ff5a04dfb4fa5_17
Total manufacturing costs			$fill in the blank 82ff5a04dfb4fa5_18
Less cost of materials available for use, Less direct materials, Less materials inventory, December 31Less work in process inventory, December 31			- Select -
Cost of direct materials used in production, Cost of goods manufactured, Cost of goods sold, Cost of materials available for use			$- Select -

Question Content Area

3. Prepare On Company's income statement for December.

On Company Income Statement For the Month Ended December 31

Cost of goods sold, Gross profit, Indirect labor, Sales		$- Select -
Cost of goods sold:
Finished goods inventory, December 1Finished goods inventory, December 31Gross operating expenses, Sales	$- Select -
Cost of direct materials used in production, Cost of goods manufactured, Cost of goods sold, Cost of materials available for use	- Select -
Cost of direct materials used in production, Cost of finished goods available for sale, Cost of goods manufactured, Cost of materials available for use	$- Select -
Less finished goods inventory, December 1Less finished goods inventory, December 31Less operating expenses, Less sales	- Select -
Cost of direct materials used in production, Cost of goods manufactured, Cost of goods sold, Cost of materials available for use		- Select -
Cost of goods sold, Gross profit, Operating expenses, Sales		$- Select -
Direct labor, Factory overhead, Finished goods inventory, December 1Operating expenses		- Select -
Net income, Net loss		$- Select -