Answer:
1. ON Company
 a. $30,800
 b. $854,000
 c. $800,800
 d. $827,400
 e. $299,600
 f. $182,000
Off Company
      a. $581,560
      b. $685,720
      c. $195,300
     d. $256,060
     e. $399,280
     f. $234,360
2.1                       On Company  	
 Statement of Cost of Goods Manufactured  	
 For the month Ended December 31, 2016  	
  
 Raw Material  	
 Raw material, beginning    $65,800 
<u> Add:Purchases                    282,800</u> 
 Raw materials available    348,600 
 <u>Less: Raw material, end      30,800</u> 
 Cost of raw material used    317,800 
 <u>Add: Direct labor                   387,800</u> 
 Prime Cost                           705,600 
 <u>Add: Factory overhead    148,400</u> 
 Manufacturing cost           854,000 
 Add: Work in process, beginning  119,000 
 <u>Less: Work in process, Ending     172,200 </u>
 Cost of Goods Manufactured   $800,800 
2.2                     Off Company   
 Statement of Cost of Goods Manufactured  	
 For the month Ended December 31, 2016  	
  
 Raw Material  	
 Raw material, beginning    $195,300 
 <u>Add:Purchases                      581,560</u> 
 Raw materials available    776,860 
 <u>Less: Raw material, end        91,140</u> 
 Cost of raw material used    685,720 
 <u>Add: Direct labor                    577,220 </u>
 Prime Cost                         1,262,940 
 <u>Add: Factory overhead         256,060 </u>
 Manufacturing cost         1,519,000 
 Add: Work in process, beginning 208,320 
<u> Less: Work in process, Ending    195,300 </u>
 Cost of Goods Manufactured   $1,532,020 
3.1                     On Company  	
                 Income Statement  	
 For the month Ended December 31, 2016  	
  
 Sales                                 $1,127,000
 <u>Less: Cost of goods sold    827,400</u> 
 Gross profit                            299,600 
<u>Less: Operating expenses            117,600</u>
 Net Income                          $182,000 
3.2                       Off Company  	
                        Income Statement  	
 For the month Ended December 31, 2016  	
  
 Sales                                  $1,944,320
 <u>Less: Cost of goods sold    1,545,040 </u>
 Gross profit                              399,280 
<u>Less: Operating expenses     234,360 </u>
 Net Income                               164,920 
Explanation:
a1. To get the raw materials end balance, we have to add the raw materials beginning plus the purchases then deduct it from raw materials used in the given data.
a & b (Off Company). To compute the Raw materials used and purchases, we will begin with the given manufacturing cost amount, then deduct from it the factory overhead and direct labor to get the cost of materials used for the period. Then from it we add the raw material ending balance and add back the raw materials beginning to get the purchases for the month.
b. (On Company) Manufacturing cost is computed by adding cost of materials used and direct labor and factory overhead.
c. (On Company) To get the cost of goods sold, we add work in process beginning balance to the manufacturing cost we computed earlier and then deduct work in process ending balance.
c. (Off Company) to get the work in process end, we begin with the manufacturing cost and add work in process beginning then less the cost of goods manufactured.
d. (On Company) To get the cost of goods sold, we add cost of goods manufactured and finished goods beginning then deduct finished goods end.
d. (Off Company) To compute the finished goods end, we add cost of goods manufacture and finished goods beginning balance then deduct cost of goods sold from it.
e. (On Company) Gross profit is computed by deducting cost of goods sold $827,400 from the sales of $1,127,000
e. (Off Company) Gross profit is computed by deducting cost of goods sold $1,545,040 from the sales of $1,944,320
f. (On Company) Net income is computed by deducting Operating expense of $117,600 from Gross Profit $299,600
f. (Off Company) To compute operating expense we deduct Net income amount o0f $164,920 from the gross profit of $399,280
                         On Company  	
 Statement of Cost of Goods Manufactured  	
 For the month Ended December 31, 2016  	
  
 Raw Material  	
 Raw material, beginning    $65,800 
<u> Add:Purchases                    282,800</u> 
 Raw materials available    348,600 
 <u>Less: Raw material, end      30,800</u> 
 Cost of raw material used    317,800 
 <u>Add: Direct labor                   387,800</u> 
 Prime Cost                           705,600 
 <u>Add: Factory overhead    148,400</u> 
 Manufacturing cost           854,000 
 Add: Work in process, beginning  119,000 
 <u>Less: Work in process, Ending     172,200 </u>
 Cost of Goods Manufactured   $800,800 
 Statement of Cost of Goods Sold  	
  	
 Finished goods, beginning          $224,000 
 <u>Add: Cost of Goods Manufactured    800,800</u> 
 Cost of goods available for sale         1,024,800 
 <u>Less: Finished goods, ending              197,400</u> 
 Cost of goods sold                          $827,400 
2.2                     Off Company   
 Statement of Cost of Goods Manufactured  	
 For the month Ended December 31, 2016  	
  
 Raw Material  	
 Raw material, beginning    $195,300 
 <u>Add:Purchases                      581,560</u> 
 Raw materials available    776,860 
 <u>Less: Raw material, end        91,140</u> 
 Cost of raw material used    685,720 
 <u>Add: Direct labor                    577,220 </u>
 Prime Cost                         1,262,940 
 <u>Add: Factory overhead         256,060 </u>
 Manufacturing cost         1,519,000 
 Add: Work in process, beginning 208,320 
<u> Less: Work in process, Ending    195,300 </u>
 Cost of Goods Manufactured   $1,532,020 
 Statement of Cost of Goods Sold  	
  
 Finished goods, beginning            $269,080 
<u> Add: Cost of Goods Manufactured    1,532,020 </u>
 Cost of goods available for sale     1,801,100 
<u> Less: Finished goods, ending             256,060 </u>
 Cost of goods sold                          $1,545,040