Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December 2016:

1		Prius Company	Volt Company
2	Materials inventory, December 1	$281,960.00	$177,500.00
3	Materials inventory, December 31	(a)	175,500.00
4	Materials purchased	713,600.00	341,100.00
5	Cost of direct materials used in production	752,000.00	(a)
6	Direct labor	1,060,000.00	(b)
7	Factory overhead	327,800.00	179,000.00
8	Total manufacturing costs incurred during December	(b)	1,036,000.00
9	Total manufacturing costs	2,681,600.00	1,479,000.00
10	Work in process inventory, December 1	541,800.00	443,000.00
11	Work in process inventory, December 31	450,800.00	(c)
12	Cost of goods manufactured	(c)	1,024,500.00
13	Finished goods inventory, December 1	479,800.00	204,500.00
14	Finished goods inventory, December 31	495,400.00	(d)
15	Sales	4,144,000.00	1,677,000.00
16	Cost of goods sold	(d)	1,052,000.00
17	Gross profit	(e)	(e)
18	Operating expenses	543,000.00	(f)
19	Net income	(f)	380,700.00

Required:

A.

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

B.

Prepare Volt Companys statement of cost of goods manufactured for December.*

C.

Prepare Volt Companys income statement for December.*

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, December 1, 2016
Finished goods inventory, December 31, 2016
Gross profit
Materials inventory, December 1, 2016
Materials inventory, December 31, 2016
Net income
Operating expenses
Purchases
Sales
Total manufacturing costs incurred during December
Work in process inventory, December 1, 2016
Work in process inventory, December 31, 2016