Question

The following information is available for Aikman Company. 1- Compute cost of goods manufactured 2- Prepare...

The following information is available for Aikman Company.

1- Compute cost of goods manufactured

2- Prepare an income statement through gross profit.

3- Show the presentation of the ending inventories on the December 31, 2017, balance sheet

January 1, 2017

2017

December 31, 2017

Raw materials inventory $22,050 $31,590
Work in process inventory 16,060 18,160
Finished goods inventory 29,470 23,990
Materials purchased $155,750
Direct labor 221,530
Manufacturing overhead 184,450

Sales revenue

905,810


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