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The following information is available for Aikman Company. January 1, 2020 2020 December 31, 2020 Raw materials inventory $21,000 $30,000 Work in process inventory

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The following information is available for Aikman Company. January 1, 2020 2020 December 31, 2020 Raw materials inventory $21,000 $30,000 Work in process inventory 13,500 17,200 Finished goods inventory 27,000 21,000 Materials purchased $150,000 Direct labor 220,000 Manufacturing overhead Sales revenue 180,000 910,000

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