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Exercise 175 The following information is available for Elliot Company. January 1, December 31, 2016 2016 $26,000 18,500 30,000 2016 Raw materials inventory Work in

Exercise 175 The following information is available for Elliot Company. January 1, December 31, 2016 2016 $26,000 18,500 30,000 2016 Raw materials inventory Work in process inventory Finished goods inventory $30,000 22,200 21,000 $170,000 230,000 180,000 800,000 Direct labor Manufacturing overhead ale

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