Instructions Lables and Amount Descriptions Starting Question Lables and Amount Descriptions Labels For the Month Ended May 31 For the Year Ended May 31 Amount Descriptions Cost of direct materials used in production Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Direct labor Factory overhead Finished goods inventory, May 1 Finished goods inventory, May 31 Gross profit Materials inventory, May 1 Materials inventory, May 31 Materials inventory, May 1 Materials inventory, May 31 Net income Net loss Operating expenses Purchases Sales Total manufacturing costs incurred in May Total manufacturing costs Work in process inventory, May 1 Work in process inventory, May 31 a. Determine the amounts of the missing items, identifying them by letter. Additional Instruction eBook Print ltem Instructions Lables and Amount Descriptions Starting Question Statement of Cost of Goods Manufactured Statement of Cost of Goods Manulactured (Label) 1 2 Direct muterials 1 4 13 1 Check My Work Income Statement Yakima Company Income Statement (Label) Cost of goods sold: 3 4 5 6 7 10 ack My Work Instructions