Solution-Prepare an income statement through gross profit

Prepare an income statement through gross profit

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Reference no: EM131625675

Problem - The following information is available for Aikman Company.

	January 1, 2017	2017	December 31, 2017
Raw materials inventory	$22,040		$35,020
Work in process inventory	13,820		20,680
Finished goods inventory	29,710		24,900
Materials purchased		$153,510
Direct labor		224,300
Manufacturing overhead		185,440
Sales revenue		904,590

Compute cost of goods manufactured.

Prepare an income statement through gross profit.

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

Reference no: EM131625675

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Prepare an income statement through gross profit : Problem - The following information is available for Aikman Company. Prepare an income statement through gross profit

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Prepare an income statement through gross profit

Reference no: EM131625675

Reference no: EM131625675

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