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January 1, 2022 2022 December 31, 2022 Raw materials inventory $24,800 $36,000 Work in process inventory 16,800 20,800 Finished goods inventory 32,600 25,200 Materials

January 1, 2022 2022 December 31, 2022 Raw materials inventory $24,800 $36,000 Work in process inventory 16,800 20,800 Finished goods inventory 32,600 25,200 Materials purchased $180,000 Direct labor 264,000 Manufacturing overhead 216,000 Sales revenue 1,092,000 Show the presentation of the ending inventories on the December 31, 2022, balance sheet. TEAL MOUNTAIN COMPANY Balance Sheet (Partial) ASSETS SA

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