Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December 2014:

Instructions
1. Determine the amounts of the missing items, identifying them by letter.
2. Prepare On Company€™s statement of cost of goods manufactured for December.
3. Prepare On Company€™s income statement forDecember.

Company 65,800 off Company S 195,300 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 proft Operating expenses Net income 91,140 282,800 317,800 387,800 148,400 577,220 256,060 1,519,000 1,727,320 208,320 973,000 119,000 172,200 1,532,020 269,080 224,000 197,400 1,127,000 1,944,320 1,545,040 117,600 164,920