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...

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 Orr Company Company Materials inventory, December 1 $59,910 $80,280 Materials inventory, December 31 (a) 90,720 Materials purchased 152,170 (a) Cost of direct materials used in production 160,560 (b) Direct labor 225,860 180,630 Factory overhead 70,090 89,910 <>