Instructions Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May. 2 Materials inventory, May 1 3 Materials inventory May 31 + Materials purchased 5 Cost of direct materials used in production Rainier Company $100,000.00 (a) 950,000.00 938.500.00 2.860.000.00 1,800,000.00 (b) 5.998.500.00 400,000.00 Yakima Company $48.200.00 50,000.00 710.000.00 (a) (b) 446,000.00 2.484,200.00 2.660,600.00 176,400.00 6 Direct labor 7 Factory overhead Total manufacturing costs incurred in May % Total manufacturing costs 10 Work in process inventory, May 1 i Work in process inventory. May 31 392. 000 Activate Win Previous Check My Work Manufacturing income statement, statement of cost of goods manufactured Amount Descriptions Starting Question 2491.500.00 Instructions 2 Cost of goods manufactured 13 Finished goods inventory. May 1 14 Finished goods inventory. May 31 615,000.00 190.000.00 596,500.00 1 S 9.220.000.00 4550.000.00 2000 Cost of goods sold 1 Gross profit 18 Operating expenses 1.000.000,00 19 Net income 1.500.000.00 Required: a Determine the amounts of the missing items, identifying them by letter Enteral amounts as positive numbers b. Prepare Yakima Company's statement of cost of goods manufactured for May For those boxes in which you must enter subtracted or negative numbers use a minus sign Prepare Yome Company's income statement for May Enteral amounts as positive rumors Acuvate Wind