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Exercise 1-14 (Part Level Submission) The following information is available for Aikman Company. January 1, 2014 2014 December 31, 2014 Raw materials inventory $21,100 $35,690

Exercise 1-14 (Part Level Submission)

The following information is available for Aikman Company.

January 1, 2014

2014

December 31, 2014

Raw materials inventory $21,100 $35,690
Work in process inventory 15,240 18,380
Finished goods inventory 29,020 24,560
Materials purchased $154,800
Direct labor 225,580
Manufacturing overhead 184,100
Sales revenue 902,090

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