Using the information provided in the green table (#1), please fill out tables #2 and #3.

1. (a) (b) Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred during December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales Cost of goods sold Gross profit Operating expenses Net income Prius Company $ 280,280 (a)! 240,680 712,800 752,400 1,058,400 327,600 (b) 2,138,400 2,678,400 540,000 453,600 (c) 2,224,800 475,200 496,800 4,140,000 (d) 2,203,200 (e) 1,936,800 540,000 (1) 1,396,800 Volt Company $ 177,000 180,000 342,000 339,000 516,000 180,000 1,035,000 1,477,500 442,500 453,000 1,024,500 204,000 177,000 1,675,500 1,051,500 624,000 240,000 384,000 (c) (d) (e) () 2. VOLT COMPANY Statement of Cost of Goods Manufactured For the Month Ended December 31, 2016 Work in process inventory, December 1, 2016 Direct materials: Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred during December Total manufacturing costs Less: Cost of goods manufactured VOLT COMPANY Income Statement For the Month Ended December 31, 2016 Sales Cost of goods sold: Cost of finished goods available for sale Cost of goods sold Gross profit Operating expenses Net income