The following information is available for Aikman Company.

1- Compute cost of goods manufactured

2- Prepare an income statement through gross profit.

3- Show the presentation of the ending inventories on the December 31, 2017, balance sheet

		January 1, 2017		2017		December 31, 2017
Raw materials inventory		$22,050				$31,590
Work in process inventory		16,060				18,160
Finished goods inventory		29,470				23,990
Materials purchased				$155,750
Direct labor				221,530
Manufacturing overhead				184,450
Sales revenue				905,810