Manufacturing Income Statement, Statement of Cost of Goods ManufacturedSeveral items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December.OffOnCompanyCompanyMaterials inventory, December 1$69,410$87,460Materials inventory, December 31(a)98,830Materials purchased(a)176,300Cost of direct materials used in production(b)186,020Direct labor261,680196,79097,960Factory overhead81,210Total manufacturing costs incurred in December(b)565,870Total manufacturing costs662,180776,650133,270Work in process inventory, December 1210,780(c)Work in process inventory, December 31112,440Cost of goods manufactured(c)560,620Finished goods inventory, December 1117,30097,960(d)Finished goods inventory, December 31122,860Sales1,023,100874,600Cost of goods sold(d)565,870Gross profit(e)(e)(f)133,270Operating expenses(f)Net income194,160

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Asked Jul 6, 2019
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I'm having trouble finding the missing values for the on company and off company sections, letters a-f. Can you help me please? 

Manufacturing Income Statement, Statement of Cost of Goods Manufactured
Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December.
Off
On
Company
Company
Materials inventory, December 1
$69,410
$87,460
Materials inventory, December 31
(a)
98,830
Materials purchased
(a)
176,300
Cost of direct materials used in production
(b)
186,020
Direct labor
261,680
196,790
97,960
Factory overhead
81,210
Total manufacturing costs incurred in December
(b)
565,870
Total manufacturing costs
662,180
776,650
133,270
Work in process inventory, December 1
210,780
(c)
Work in process inventory, December 31
112,440
Cost of goods manufactured
(c)
560,620
Finished goods inventory, December 1
117,300
97,960
(d)
Finished goods inventory, December 31
122,860
Sales
1,023,100
874,600
Cost of goods sold
(d)
565,870
Gross profit
(e)
(e)
(f)
133,270
Operating expenses
(f)
Net income
194,160
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Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. Off On Company Company Materials inventory, December 1 $69,410 $87,460 Materials inventory, December 31 (a) 98,830 Materials purchased (a) 176,300 Cost of direct materials used in production (b) 186,020 Direct labor 261,680 196,790 97,960 Factory overhead 81,210 Total manufacturing costs incurred in December (b) 565,870 Total manufacturing costs 662,180 776,650 133,270 Work in process inventory, December 1 210,780 (c) Work in process inventory, December 31 112,440 Cost of goods manufactured (c) 560,620 Finished goods inventory, December 1 117,300 97,960 (d) Finished goods inventory, December 31 122,860 Sales 1,023,100 874,600 Cost of goods sold (d) 565,870 Gross profit (e) (e) (f) 133,270 Operating expenses (f) Net income 194,160

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Calculate the missing amounts for On Company Amount (S) Particulars Working progress Inventory, December 1 Direct material: |Materials inventory, December 1 Purchases Cost of material available for production Less: Material Inventory, December 31 |Cost of direct material used in production Direct labor Factory overheads Total Manufacturing costs incurred during December |Total manufacturing costs Less: Work in Progress inventory, December 31 (c) Cost of Goods Manufactured Add: Finished goods Inventory, December 1 Less: Finished goods Inventory, December 31 (d) Cost of goods sold Sales (e) Gross profit Less: Operating expenses (Net income Amount (S) 1,33,270 S 69,410 1,76.300 2,45,710 59,690 a S 1,86,020 2,61,680 81,120 5.28,820 6,62,090 1,12,440 S 5,49,650 1,17,300 1,22,860 5,44,090 S S S 10,23,100 4,79,010 1,33,270 S S 3,45,740

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