PR $16-5$B Manufacturing income statement, statement of cost of goods

Obj. $4$ manufactured

Several items are omitted from the income statement and cost of goods manufactured statecompany.

$5in00800$ ment data for two different companies for the month of December

$\backslash$table$[[,$On Company,OHf Company$],[$Materials inventory, December $1,$$ $65,800,$$ $195,300],[$Materials inventory, December $31,($a$),91,140],[$Materials purchased,$282,800,($a$)],[$Cost of direct materials used in production,$317,800,($b$)],[$Direct labor,$387,900,577,220],[$Factory overhead,$148,400,256,060],[$Total manufacturing costs incurred in December,$($b$),1,519,000],[$Total manufacturing costs,$973\mathrm{.}000,1,727,320],[$Work in process inventory, December $1,119800,208,320],[$Work in process inventory, December $31,172\mathrm{.}200,($c$)],[$Cost of goods manufactured,$($c$),1,532,020],[$Finished goods inventory, December $1,224,000,269,080],[$Finished goods inventory, December $31,197,400,($d$)],[$Sales$,1,127,000,1,944,320],[$Cost of goods sold,$($d$),1,545,040],[$Gross peofit,$($e$),($e$)],[$Operating expemes,$117,600,($f$)],[$Net income,$($f$),164,920]]$

Instructions

For both companies, determine the amounts of the missing items $($a$)$ through $(f),$ identifying them by letter.

Prepare On Company's statement of cost of goods manufactured for December,

Prepare On Company's income statement for December.