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Manufacturing Income Statement, Statement of Cost of GoodsManufactured

Several items are omitted from the income statement and cost ofgoods manufactured statement data for two different companies forthe month of December.

On Company		Off Company
Materials inventory, December 1	$88,730		$118,010
Materials inventory, December 31	(a)		133,350
Materials purchased	225,370		(a)
Cost of direct materials used in production	237,800		(b)
Direct labor	334,510		265,520
Factory overhead	103,810		132,170
Total manufacturing costs incurred in December	(b)		763,520
Total manufacturing costs	846,480		1,047,920
Work in process inventory, December 1	170,360		284,400
Work in process inventory, December 31	143,740		(c)
Cost of goods manufactured	(c)		756,440
Finished goods inventory, December 1	149,950		132,170
Finished goods inventory, December 31	157,050		(d)
Sales	1,307,880		1,180,100
Cost of goods sold	(d)		763,520
Gross profit	(e)		(e)
Operating expenses	170,360		(f)
Net income	(f)		261,980

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

Letter	On Company	Off Company
a.	$ 76,300	$
b.	$676,120	$
c.	$702,740	$
d.	$695,649	$
e.	$648,240	$
f.	$377,880	$

Prepare On Company's statement of cost of goods manufactured forDecember.

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 forDecember.

On Company
Income Statement
For the Month Ended December 31
		$
Cost of goods sold:
	$
	$
		$
		$