Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December 2014:

	Grant Company		McClellan Company
Materials inventory, December 1	$65,100		$88,540
Materials inventory, December 31	(a)		100,050
Materials purchased	165,350		199,220
Cost of direct materials used in production	174,470		(a)
Direct labor	245,430		(b)
Factory overhead	76,170		99,160
Total manufacturing costs incurred during December	(b)		572,850
Total manufacturing costs	621,060		786,230
Work in process inventory, December 1	124,990		213,380
Work in process inventory, December 31	105,460		(c)
Cost of goods manufactured	(c)		567,540
Finished goods inventory, December 1	110,020		99,160
Finished goods inventory, December 31	115,230		(d)
Sales	959,570		885,400
Cost of goods sold	(d)		572,850
Gross profit	(e)		(e)
Operating expenses	124,990		(f)
Net income	(f)		196,560

Required:

Hint(s)

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

Letter	Grant Company	McClellan Company
a.	$	$
b.	$	$
c.	$	$
d.	$	$
e.	$	$
f.	$	$