Manufacturing Income Statement, Statement of Cost of Goods Manufactured 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 $74,780   $94,220   Materials inventory, December 31 (a)   106,470   Materials purchased 189,940   (a)   Cost of direct materials used in production 200,410   (b)   Direct labor 281,920   212,000   Factory overhead 87,490   105,530   Total manufacturing costs incurred in December (b)   609,600   Total manufacturing costs 713,400   713,400   Work in process inventory, December 1 143,580   227,070   Work in process inventory, December 31 121,140   (c)   Cost of goods manufactured (c)   603,950   Finished goods inventory, December 1 126,380   105,530   Finished goods inventory, December 31 132,360   (d)   Sales 1,102,260   942,200   Cost of goods sold (d)   609,600   Gross profit (e)   (e)   Operating expenses 143,580   (f)   Net income (f)   209,170   Required: 1.  Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company a. $ $ b. $ $ c. $ $ d. $ $ e. $ $ f. $ $ 2.  Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31       $ Direct materials:         $               $                 $                   Total manufacturing costs incurred during December       Total manufacturing costs     $               $ 3.  Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31     $ Cost of goods sold:       $           $

COGS?

Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December: 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 in 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 Required: On Company $66,090 (a) 167,870 177,120 249,160 77,330 (b) 630,500 126,890 107,070 (c) 111,690 116,980 974,170 (d) (e) 126,890 (f) Off Company $83,270 94,100 (a) (b) 187,360 93,260 538,760 630,500 200,680 (c) 533,760 93,260 (d) 832,700 538,760 (e) (f) 184,860 1. Determine the amounts of…

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 Company Materials inventory, May 1 $   100,000 $     48,200 Materials inventory, May 31 (A)        50,000 Materials purchased      950,000      710,000 Cost of direct materials used in production      938,500 (A) Direct labor   2,860,000 (B) Factory overhead   1,800,000      446,000 Total manufacturing costs incurred in May (B)   2,484,200 Total manufacturing costs   5,998,500   2,660,600 Work in process inventory, May 1      400,000      176,400 Work in process inventory, May 31      382,000 (C) Cost of goods manufactured (C)   2,491,500 Finished goods inventory, May 1      615,000      190,000 Finished goods inventory, May 31      596,500 (D) Sales   9,220,000   4,550,000 Cost of goods sold (D)   2,470,000 Gross profit (E) (E) Operating expenses   1,000,000 (F) Net income…