Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May: Rainier Company Yakima Lompany 2Materials inventory, May 1 $281,680.00 $179,000.0 Materials inventory, May 31 4 Materials purchased 5 Cost of direct materials used in production 175,500.00 714,000.00 752,400.00 1,058,800.00 325,400.00 341,500.00 Direct labor 7Factory overhead 178,600.00 1,038,000.00 1,481,500.00 443,500.00 otal manufacturing costs incurred in May 9 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 4 Finished goods inventory, May 31 15 Sales 16 Cost of goods sold 2,677,200.00 540,600.00 453,200.00 1,025,500.00 477,800.00 496,400.00 4,140,000.00 201,500.00 1,678,000.00 1,042,000.00 15 Sales 16 Cost of goods sold 17 Gross profit 18 Operating expenses 19 Net income 140,000.00 1.678,000.00 1,042,000.00 543,000.00 80,500.00 Required a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. b. Prepare Yakima Company's statement of cost of goods manufactured for May. For those boxes in which you must enter subtracted or negative numbers use a minus sign C. Prepare Yakima Company's incom e statement for May. Enter all amounts as positve numbers.* Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. moun 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 inventory, May 31 Gross profit Materials inventory, May 1 Materials inventory, May 31 Net income Operating expenses Purchases Sales Total manufacturing costs incurred in May Work in process inventory, May 1 Work in process inventory, May 31 a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Rainier Company Yakima Company a. C. d. b. Prepare Yakima Company's statement of cost of goods manufactured for May. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sigrn Yakima Company Statement of Cost of Goods Manufactured For the Month Ended May 31 2 Direct materials: 10 11 Total manufacturing costs 12 13 c. Prepare Yakima Company's income statement for May. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. Yakima Company Income Statement For the Month Ended May 31 2Cost of goods sold: 10