Instructions 1 2 Materials inventory May 1 3 Materials inventory May 31 4 Materials purchased 5 Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in May Total manufacturing costs Rainier Company $281,680.00 Yakima Company $179,000.00 175,500.00 (a) 714,000.00 341.500.00 752.400.00 (a) 1,058,800.00 (b) 325,400.00 178,600.00 (b) 1,038,000.00 2,677,200.00 1,481,500.00 10 Work in process inventory May 1 540,600.00 443,500.00 11 Work in process inventory May 31 453,200.00 (d 12 Cost of goods manufactured 1.025.500.00 13 Finished goods inventory May 1 477,800.00 201,500.00 14 Finished goods inventory May 31 496,400,00 (d) 15 Sales 4,140,000.00 1.678,000.00 15 Sales 14 Cost of goods sold Gross profit Operating expense Net income Required 4,140,000.00 1578.000.00 (d) 1042,000.00 543,000.00 380,500.00 a Determine the amounts of the missing items, identifying them by letter Enter all amounts as positive numbers Prepare Yakma Company's statement of cost of goods manufactured for May Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries For those boxes in which you must enter subtracted or negative numbers use a minus sign C Prepare Yakima Company's income statement for May Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example Net loss should be negative Expenses should be positive