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question manufacturing income statement statement of cost of goods manufactured seve 4293724

Question

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: On Off Company Company Materials inventory, December 1 Materials inventory, December 31 Materials purchased Cost of direct materials used in production Direct labor Factory overhead Total manufacturing costs incurred in December Total manufacturing costs Work in process inventory, December 1 Work in process inventory, December 31 Cost of goods manufactured Finished goods inventory, December 1 Finished goods inventory, December 31 Sales Cost of goods sold Gross profit Operating expenses Net income Required $57,220 $72,670 (a) 82,120 145,340 163,510 153,350 215,720 66,950 81,390 (b) 470,170 545,880 545,880 109,860 175,130 92,700 (c) 465,810 96,700 81,390 101,280 843,420 726,700 (d) 470,170 109,860 (f) 161,330

 

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