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must follow format of attached photo- and provide answers for each blank list of titles is attached in photo-must use these titles for blanks The

must follow format of attached photo- and provide answers for each blank

list of titles is attached in photo-must use these titles for blanks

The following information is available for Aikman Company.

January 1, 2012 2012 December 31, 2012
Raw materials inventory$21,000$30,000
Work in process inventory13,50017,200
Finished goods inventory27,00021,000
Materials purchased$150,000
Direct labor220,000
Manufacturing overhead180,000
Sales910,000

image text in transcribed \fThe following information is available for Aikman Company. 1-Jan-12 2012 31-Dec-12 Raw materials inventory $21,000 $30,000 Work in process inventor 13,500 17,200 Finished goods inventory27,000 21,000 Materials purchased $150,000 Direct labor 220,000 Manufacturing overhead 180,000 Sales 910,000 Aikman Company Schedule of Cost of goods Manufactured 31st December Beginning work in process inventory Direct Materials Material Inventory 1/ 1 Add purchases of raw material Materials available for use Materials Inventory 12/31 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Total cost of work in Process Less work in process 12/31 Cost of goods manufactured 13,500 21,000 150,000 171,000 (30,000) 141,000 220,000 180,000 541,000 554,500 (17,200) 537,300

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