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 1 of 12$	fill in the blank 2 of 12$
b.	fill in the blank 3 of 12$	fill in the blank 4 of 12$
c.	fill in the blank 5 of 12$	fill in the blank 6 of 12$
d.	fill in the blank 7 of 12$	fill in the blank 8 of 12$
e.	fill in the blank 19 of 12$	fill in the blank 10 of 12$
f.	fill in the blank 11 of 12$	fill in the blank 12 of 12$

Question Content Area

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

Costs Type	Amount	Amount	Amount
Indirect laborMachinery depreciationSuppliesWork in process inventory, December 1Work in process inventory, December 31			$- Select -
Direct materials:
Direct laborFactory overheadMaterials inventory, December 1Work in process inventory, December 1Work in process inventory, December 31	$- Select -
Factory overheadOperating expensesPurchasesSalesWork in process inventory, December 1	- Select -
Cost of direct materials used in productionCost of goods manufacturedCost of goods soldCost of materials available for useFactory overhead	$- Select -
Cost of goods soldIndirect laborMaterials inventory, December 31Work in process inventory, December 1Work in process inventory, December 31	- Select -
Cost of direct materials used in productionCost of goods manufacturedCost of goods soldCost of materials available for useFactory overhead		$- Select -
Cost of goods soldDirect laborIndirect laborWork in process inventory, December 1Work in process inventory, December 31		- Select -
Cost of materials available for useDirect materialsFactory overheadPurchasesWork in process inventory, December 31		- Select -
Total manufacturing costs incurred during December			Total manufacturing costs incurred during December
Total manufacturing costs			$Total manufacturing costs
Cost of materials available for useDirect materialsMaterials inventory, December 31Work in process inventory, December 1Work in process inventory, December 31			- Select -
Cost of direct materials used in productionCost of goods manufacturedCost of goods soldCost of materials available for useFactory overhead			$- Select -

Question Content Area

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

Line Item Description	Amount	Amount
Cost of goods manufacturedCost of finished goods available for saleGross profitIndirect laborSales		$- Select -
Cost of goods sold:
Finished goods inventory, December 1Finished goods inventory, December 31Gross operating expensesIndirect laborSales	$- Select -
Cost of direct materials used in productionCost of goods manufacturedCost of goods soldCost of materials available for useMaterials inventory, December 1	- Select -
Cost of direct materials used in productionCost of finished goods available for saleCost of goods manufacturedCost of materials available for useMaterials inventory, December 1	$- Select -
Finished goods inventory, December 1Finished goods inventory, December 31Indirect laborOperating expensesSales	- Select -
Cost of direct materials used in productionCost of goods manufacturedCost of goods soldCost of materials available for useMaterials inventory, December 1		- Select -
Cost of goods manufacturedCost of finished goods available for saleGross profitIndirect laborSales		$- Select -
Direct laborFactory overheadFinished goods inventory, December 1Indirect laborOperating expenses		- Select -
Net incomeNet loss		$- Select -