1 2 Materials inventory, May 1 3 Materials inventory, May 31 4 Materials purchased 5 Cost of direct materials used in production 6 Direct labor 7 Factory overhead 8 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 13 Finished goods inventory, May 1 14 Finished goods inventory, May 31 15 Sales 16 Cost of goods sold 17 Gross profit 18 Operating expenses Rainier Company $280,280.00 (a) 712,000.00 752,000.00 1,059,600.00 325,200.00 (b) 2,676,800.00 540,000.00 451,400.00 (c) 478,400.00 495,200.00 4,143,000.00 (d) (e) 540,000.00 Yakima Company $179,000.00 177,500.00 340,000.00 (a) (b) 179,600.00 1.035.000.do 1,479,500.00 444,500.00 (c) 1,027,500.00 201,000.00 (d) 1,676,500.00 1,053,500.00 (e) (f)

Required: a. Determine the amounts of the missing ifems, identifying them by letter. b. Prepare Yakima Company's statement of cost of goods manufactured for May. c. Prepare Yakma Company's income statement for May