The Following Information Is Available For Aikman Company.

The following information is available for Aikman Company.

 

January   1, 2017

2017

December   31, 2017

 

Raw materials inventory

$21,000

$30,000

 

Work in process inventory

13,500

17,200

 

Finished goods inventory

27,000

21,000

 

Materials purchased

$150,000

 

Direct labor

220,000

 

Manufacturing overhead

180,000

 

Sales revenue

910,000

Prepare an income statement through gross profit.

 

AIKMAN   COMPANY
Income   Statement (Partial)