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 $75,740   $103,010   Materials inventory, December 31 (a)   116,400   Materials purchased 192,380   (a)   Cost of direct materials used in production 202,980   (b)   Direct labor 285,540   231,770   Factory overhead 88,620   115,370   Total manufacturing costs incurred in December (b)   666,470   Total manufacturing costs 722,560   722,560   Work in process inventory, December 1 145,420   248,250   Work in process inventory, December 31 122,700   (c)   Cost of goods manufactured (c)   660,290   Finished goods inventory, December 1 128,000   115,370   Finished goods inventory, December 31 134,060   (d)   Sales 1,116,410   1,030,100   Cost of goods sold (d)   666,470   Gross profit (e)   (e)   Operating expenses 145,420   (f)   Net income (f)   228,680   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. $fill in the blank 46c7cefc1ffafb5_1 $fill in the blank 46c7cefc1ffafb5_2 b. $fill in the blank 46c7cefc1ffafb5_3 $fill in the blank 46c7cefc1ffafb5_4 c. $fill in the blank 46c7cefc1ffafb5_5 $fill in the blank 46c7cefc1ffafb5_6 d. $fill in the blank 46c7cefc1ffafb5_7 $fill in the blank 46c7cefc1ffafb5_8 e. $fill in the blank 46c7cefc1ffafb5_9 $fill in the blank 46c7cefc1ffafb5_10 f. $fill in the blank 46c7cefc1ffafb5_11 $fill in the blank 46c7cefc1ffafb5_12 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       $fill in the blank 6cf8c801b022067_2 Direct materials:         $fill in the blank 6cf8c801b022067_4       fill in the blank 6cf8c801b022067_6       $fill in the blank 6cf8c801b022067_8       fill in the blank 6cf8c801b022067_10         $fill in the blank 6cf8c801b022067_12       fill in the blank 6cf8c801b022067_14       fill in the blank 6cf8c801b022067_16   Total manufacturing costs incurred during December     fill in the blank 6cf8c801b022067_17 Total manufacturing costs     $fill in the blank 6cf8c801b022067_18       fill in the blank 6cf8c801b022067_20       $fill in the blank 6cf8c801b022067_22

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…

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.   OnCompany OffCompany Materials inventory, December 1 $88,830   $121,700   Materials inventory, December 31 (a)   137,520   Materials purchased 225,630   (a)   Cost of direct materials used in production 238,060   (b)   Direct labor 334,890   273,830   Factory overhead 103,930   136,300   Total manufacturing costs incurred in December (b)   787,400   Total manufacturing costs 847,430   1,080,700   Work in process inventory, December 1 170,550   293,300   Work in process inventory, December 31 143,900   (c)   Cost of goods manufactured (c)   780,100   Finished goods inventory, December 1 150,120   136,300   Finished goods inventory, December 31 157,230   (d)   Sales 1,309,350   1,217,000   Cost of goods sold (d)   787,400   Gross…

On ff Company Company Materials inventory, December 1 $81,110 $109,500 Materials inventory, December 31 (a) 123,730 Materials purchased 206,020 (a) Cost of direct materials used in production 217,370 (b) Direct labor 305,780 246,380 Factory overhead 94,900 122,640 Total manufacturing costs incurred in December (b) 708,470 Total manufacturing costs 773,780 773,780 Work in process inventory, December 1 155,730 263,900 Work in process inventory, December 31 131,400 (c) Cost of goods manufactured (c) 701,900 Finished goods inventory, December 1 137,080 122,640 Finished goods inventory, December 31 143,560 (d) Sales 1,195,560 1,095,000 Cost of goods sold (d) 708,470 Gross profit (e) (e) Operating expenses 155,730 (f) Net income (f) 243,090

The following data refer to the month of May for Bonita Components. Fill in the blanks. Direct materials inventory, May 1 Direct materials inventory, May 31 Work-in-process inventory, May 1 Work-in-process inventory, May 31 Finished goods inventory, May 1 Finished goods inventory. May 31 Purchases of direct materials Cost of goods manufactured during the month Total manufacturing costs Cost of goods sold Gross margin Direct labor Direct materials used Manufacturing overhead Sales revenue 3,900 4,000 5,200 2,800 500 25,000 87,000 89,300 22,000 20,500 108,000

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Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. Work in process inventory, August 1 $4,400   $37,000   (e) Total manufacturing costs incurred during August 30,400   (c)   216,500 Total manufacturing costs (a)   $432,900   $235,000 Work in process inventory, August 31 6,600   90,900   (f) Cost of goods manufactured (b)   (d)   $197,400 a. $ b. $ c. $ d. $ e. $ f. $

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:   OnCompany OffCompany Materials inventory, December 1 $87,370   $114,450   Materials inventory, December 31 (a)   129,330   Materials purchased 221,920   (a)   Cost of direct materials used in production 234,150   (b)   Direct labor 329,380   257,510   Factory overhead 102,220   128,180   Total manufacturing costs incurred in December (b)   740,490   Total manufacturing costs 833,500   833,500   Work in process inventory, December 1 167,750   275,820   Work in process inventory, December 31 141,540   (c)   Cost of goods manufactured (c)   733,620   Finished goods inventory, December 1 147,660   128,180   Finished goods inventory, December 31 154,640   (d)   Sales 1,287,830   1,144,500   Cost of goods sold (d)   740,490   Gross…

Cost Flow Relationships The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils: Sales $333,390 Gross profit 194,370 Cost of goods manufactured 166,700 Indirect labor 72,350 Factory depreciation 11,000 Materials purchased 102,680 Total manufacturing costs for the period 191,700 Materials inventory, ending 13,670 Using the above information, determine the following missing amounts: a) Cost of goods sold b) Finished goods inventory at the end of the month c) Direct materials cost