Question: eBook Direct labor e Calculator Print Item Several items are omitted from the income statement and cost of goods manufactured statement data for two different

 eBook Direct labor e Calculator Print Item Several items are omitted
from the income statement and cost of goods manufactured statement data for
two different companies for the month of December: On Off Company Company

eBook Direct labor e Calculator Print Item Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December: On Off Company Company Materials inventory, December 1 $75,590 $97,510 Materials inventory, December 31 (a) 110,190 Materials purchased 192,000 219,400 Cost of direct materials used in production 202,580 284,970 (b) Factory overhead 88,440 109,210 Total manufacturing costs incurred in December 630,890 Total manufacturing costs 721,130 721,120 Work in process inventory, December 1 145,130 235,000 Work in process inventory, December 31 122,460 (0) Cost of goods manufactured (c) 625,040 Finished goods inventory, December 1 127,750 109,210 Finished goods inventory, December 31 133,790 (d) Sales ,114,200 975,100 Cost of goods sold (d) 630,890 Gross profit Operating expenses Net Income Required: Check My Work 4 more Check My Work utest eBook E Calculator Print item On Company 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers Letter On Company Off Company a. 65, 010 4 38,800 b. $ 575,990 503,390 C C 598,660 d. 121,710 $ e. $ 992,490 f. $ 847,360 $ 2. Prepare on Company's statement of cost of goods manufactured for December On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 Direct materials: Materials inventory, December 75.590 192.000 Cost of materials available for use Materials Anwentory, December 31 Cestol direct materials used in prod Check My Work 4 more Check My Work Utes rotining All work saved m/take Assignment/takeAssignmentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false Calculator Print Item eBook Factory overhead 88,440 Total manufacturing costs incurred during December 721,130 Total manufacturing costs Work in process inventory, December 31 122460 Cost of goods manufactured 9598,670 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Sales Cost of goods sold: Finished goods inventory, December 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, December 31 Cost of goods sold Gross profil Operating expenses Not income Check My Work 4 more. Check My Work uses remaining All work saved. O a w

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