Several items are omitted from each of the following income statement and cost of goods manufactured statement data for the month of December 2010:

Instructions
1. Determine the amounts of the missing items, identifying them by letter.
2. Prepare a statement of cost of goods manufactured for McClellan Company.
3. Prepare an income statement for McClellanCompany.

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Grant McClellan Company Company 102,000 115,000 230,000 $ 78,000 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, December1 Finished goods inventory, December 31 Sales Cost of goods sold Gross profit Operating expenses Net income 198,000 209,000 294,000 91,000 114,000 660,000 906,000 246,000 744,000 150,000 126,000 654,000 114,000 132,000 138,000 1,150,000 1,020,000 660,000 (el (el 150,000 《f) 226,000