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January 1, 2016 2016 December 31, 2016 Raw materials inventory $26,000 $30,000 Work in process inventory 18,500 22,200 Finished goods inventory 30,000 21,000 Materials purchased

January 1, 2016 2016 December 31, 2016

Raw materials inventory $26,000 $30,000

Work in process inventory 18,500 22,200

Finished goods inventory 30,000 21,000

Materials purchased $170,000

Direct labor 30,000

Manufacturing overhead 180,000

Sales 800,000

cost of good manufactured: ?

cost of goods available for sale: ?

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