Exercise 14-14 a-c The following information is available for Bonita Company. January 1, 2020 2020 December 31, 2020 $21,370 14,490 28,650 $34,900 18,990 21,350 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue $153,970 224,060 184,690 905,910 Your answer is partially correct. Try again. Compute cost of goods manufactured. BONITA Company Cost of Goods Manufactured Schedule Work-in-Process Inventory, 1/1 14490 $ Materials Available for Use Raw Materials Inventory, 1/1 21370 $ Materials Purchased 153970 Your answer is partially correct. Try again. Prepare an income statement through gross profit. BONITA COMPANY Income Statement (Partial) For the Year Ended December 31, 2020 Sales Revenue 905910 Cost of Goods Sold Finished Goods Inventory, 1/1 28650 Cost of Goods Manufactured 544690 Cost of Goods Available for Sale 573340 Less Finished Goods Inventory, 12/31 21350 Cost of Goods Sold 551990 Gross Profit 353920 LINK TO TEXT x Your answer is incorrect. Try again. Show the presentation of the ending inventories on the December 31, 2020, balance sheet. BONITA COMPANY (Partial) Balance Sheet X X bil