a. Determine the amounts of the missing items, identifying them by letter. b. Prepare Yakima Company's statement of cost of goods manufactured for May c. Prepare Yakima Company's income statement for May 1 2 Materials inventory, May 1 3 Materials inventory, May 31 4 Materials purchased 5 Cost of direct materials used in production 6 Direct labor 7 Factory overhead 8 Total manufacturing costs incurred in May 9 Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 12 Cost of goods manufactured 13 Finished goods inventory, May 1 14 Finished goods inventory. May 31 15 Sales 16 Cost of goods sold 17 Gross profit 18 Operating expenses 19 Net income Rainier Company Yakima Company $281,960.00 $177,500.00 (a) 175,500.00 713,600.00 341,100.00 752,000.00 1,060,000.00 327,800.00 (b) 2,681.600.00 541,800.00 450,800.00 (c) 479.800.00 495,400.00 4.144,000.00 (d) (e) 543,000.00 (0) (a) (b) 179,000.00 1,036,000.00 1,479,000.00 443,000.00 (c) 1,024,500.00 204,500.00 (d) 1,677,000.00 1.052,000.00 (e) 380,700.00 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 Net income Net loss 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 Letter a b C. d e $ $ S S SA S Rainier Company S $ S S S 69 $ 69 Yakima Company B 11 12 11 1 2 Direct materials: Mal Type here to Yakima Company Statement of Cost of Goods Manufactured (Lbel) 4 > c. Prepare Yakima Company's income statement for May Income Statement instructions 1 Cost of goods sold: Yakima Company Income Statement (Label)