The following information is available for Aikman Company. 2020 January 1, 2020 $25,760 17,120 27,190 December 31, 2020 $32,660 18,650 22,380 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue $154,290 225,040 181,220 902,490 (a) Your answer is correct. Compute cost of goods manufactured. Aikman Company Cost of Goods Manufactured Schedule Work-in-Process Inventory, 1/1 Direct Materials Raw Materials Inventory, 1/1 25760 Materials Purchased 154290 Materials Available for Use 180050 Less: Raw Materials Inventory, 12/31 32660 i Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Total Cost of Work-in-Process Inventory Less 4: Work-in-Process Inventory, 12/31 Cost of Goods Manufactured Compute cost of goods manufactured. Aikman Company Cost of Goods Manufactured Schedule ta 17120 $ 25760 154290 180050 32660 i $ $ 147390 225040 181220 553650 570770 18650 i $ 552120 e Textbook and Media (b) Prepare an income statement through gross profit. AIKMAN COMPANY Income Statement (Partial) $ . $ A $ Save for Later Attempts: 0 of 7 used Submit