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

$1$

Rainier Company

Yakima Company

$2$

Materials inventory, May $1$

$$280,560\mathrm{.}00$

$$176,000\mathrm{.}00$

$3$

Materials inventory, May $31$

$($a$)$

$176,500\mathrm{.}00$

$4$

Materials purchased

$712,400\mathrm{.}00$

$340,400\mathrm{.}00$

$5$

Cost of direct materials used in production

$752,800\mathrm{.}00$

$($a$)$

$6$

Direct labor

$1,058,000\mathrm{.}00$

$($b$)$

$7$

Factory overhead

$325,600\mathrm{.}00$

$180,000\mathrm{.}00$

$8$

Total manufacturing costs incurred in May

$($b$)$

$1,034,000\mathrm{.}00$

$9$

Total manufacturing costs

$2,677,200\mathrm{.}00$

$1,477,000\mathrm{.}00$

$10$

Work in process inventory, May $1$

$540,800\mathrm{.}00$

$443,000\mathrm{.}00$

$11$

Work in process inventory, May $31$

$451,800\mathrm{.}00$

$($c$)$

$12$

Cost of goods manufactured

$($c$)$

$1,026,500\mathrm{.}00$

$13$

Finished goods inventory, May $1$

$479,200\mathrm{.}00$

$202,500\mathrm{.}00$

$14$

Finished goods inventory, May $31$

$497,000\mathrm{.}00$

$($d$)$

$15$

Sales

$4,143,000\mathrm{.}00$

$1,673,500\mathrm{.}00$

$16$

Cost of goods sold

$($d$)$

$1,045,000\mathrm{.}00$

$17$

Gross profit

$($e$)$

$($e$)$

$18$

Operating expenses

$543,000\mathrm{.}00$

$($f$)$

$19$

Net income

$($f$)$

$381,300\mathrm{.}00$

Required:

a$.$ Determine the amounts of the missing items, identifying them by letter.

b$.$ Prepare Yakima Company$$s statement of cost of goods manufactured for May.

c$.$ Prepare Yakima Company$$s income statement for May.

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