Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December 2016:
Materials inventory, December 1
Materials inventory, December 31
Cost of direct materials used in production
Total manufacturing costs incurred during 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
Cost of goods sold
Required:A.Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.B.Prepare Volt Company's statement of cost of goods manufactured for December.*C.Prepare Volt Company's income statement for December.** Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers.
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