1 2 Materials inventory, May 1 3 Materials inventory, May 31 Materials purchased s Cost of direct materials used in production 6 Direct labor 7 Factory overhead Total manufacturing costs incurred in May 9 Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 12 Cost of goods manufactured 15 Finished goods inventory, May 1 24 Finished goods Inventory, May 31 15 Sales 16 Cost of goods sold 17 Gross profit 18 Operating expenses Net income Rainier Company $281,960.00 Yakima Company $179,000.00 (a) 178,000.00 712,200.00 341,200.00 751,600.00 (a) 1,059,200.00 (b) 325,800.00 180,400.00 (b) 1,032,000.00 2,677,600.00 1,475,500.00 541,000.00 443,500.00 452,000.00 (c) (c) 1,025,500.00 478,200.00 205,000.00 495,400.00 (d) 4,144,000.00 1,671,000.00 (d) 1,053,500.00 (e) (e) 545,000.00 (f) 00 382,900.00 Check My Work a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers Letter Rainier Company Yakima Company a. $242,560 $342,200 b. 2,136,600 509,400 9 2,225,600 450,000 d. 2,208,400 177,000 ai e 1,935,600 617,500 f. 1,590,600 X 234,600 Feedback Check My Work For Rainier Company: (Note: Use similar relationships to find the missing amounts for the Yakima Compar a. The beginning and ending materials inventory amounts and the amount of materials purchased are use b. The three costs of a manufactured product are added to determine total manufacturing costs incurred d c. The beginning and ending work in process inventory amounts and the total manufacturing costs incurre d. The beginning and ending finished goods inventory amounts and the cost of goods manufactured are us Check My Work Work in process inventory, May 1 2 Direct materials: Yakima Company Statement of Cost of Goods Manufactured For the Month Ended May 31 Score: 95/122 $460,960.00 3 Materials inventory, May 1 Purchases $ Cost of materials available for use $179,000.00 341,200.00 $520,200.00 6 Materials inventory, May 31 (178,000.00) 7 Cost of direct materials used in production $342,200.00 Direct labor 9 Factory overhead 10 Total manufacturing costs incurred in May 11 Total manufacturing costs 12 Work in process inventory, May 31, 13 Cost of goods manufactured Feedback eck My Work amounts as positive numbers unless the amount is a calculation that results in a negative amo 1 Sales Yakima Company Income Statement (Label) 2 Cost of goods sold 3 Cost of goods manufactured $1,025,500.00 Finished goods inventory, May 1 205,000.00 S Cost of finished goods available for sale $177,000.00 Finished goods inventory, May 31 71 Cost of goods sold Gross profit 9 Operating expenses 20 Net income Feedback Score: 77/92 $1,671,000.00 1,063,500.00 $617,500.00 234,600.00 $382,900.00 Check My Work The beginning and ending finished goods inventory amounts and the cost of goods manufactured are used in the calculation Check My Work