The following information is available for Aikman Company January 1, 2017 2017 December 31, 2017 Raw materials inventory $26,020 $33,480 Work in process inventory 16,380 19,230 Finished goods inventory 28,180 25,930 Materials purchased $155,040 Direct labor 223,300 Manufacturing overhead 181,490 Sales revenue 902,520 Warning Don't show me this message again for the assignment Ok Cancel (a) Compute cost of goods manufactured Aikman Company Cost of Goods Manufactured Schedule Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory, 1 1Finished Goods Inventory, 12 31 $ Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory, 1 1Finished Goods Inventory, 12 31 Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 1 1Finished Goods Inventory , 12 31 $ Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 1 1Finished Goods Inventory , 12 31 Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 12 31Finished Goods Inventory , 1 1 AddLess Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 1 1Finished Goods Inventory , 12 31 Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 12 31Finished Goods Inventory , 1 1 $ Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 1 1Finished Goods Inventory , 12 31 Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 12 31Finished Goods Inventory , 1 1 Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 1 1Finished Goods Inventory , 12 31 Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 12 31Finished Goods Inventory , 1 1 AddLess Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 1 1Finished Goods Inventory , 12 31 Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1 1Raw Materials Inventory, 12 31Materials PurchasedTotal Cost of Work in Process InventoryTotal Manufacturing CostsWork in Process Inventory, 1 1Work in Process Inventory, 12 31Finished Goods Inventory , 12 31Finished Goods Inventory , 1 1 $ Warning Don't show me this message again for the assignment Ok Cancel Also Prepare an income statement through gross profit AIKMAN COMPANY Income Statement (Partial) Show the presentation of the ending inventories on the December 31, 2017, balance sheet

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The following information is available for Aikman Company. January 1, 2017 2017 December 31, 2017 Raw materials inventory $26,020 $33,480 Work in process inventory 16,380

The following information is available for Aikman Company.

January 1, 2017	2017	December 31, 2017
Raw materials inventory	$26,020	$33,480
Work in process inventory	16,380	19,230
Finished goods inventory	28,180	25,930
Materials purchased	$155,040
Direct labor	223,300
Manufacturing overhead	181,490
Sales revenue	902,520

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Don't show me this message again for the assignment

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(a) Compute cost of goods manufactured.

Aikman Company Cost of Goods Manufactured Schedule
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory, 1/1Finished Goods Inventory, 12/31	$
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory, 1/1Finished Goods Inventory, 12/31
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 1/1Finished Goods Inventory , 12/31	$
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 1/1Finished Goods Inventory , 12/31
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 12/31Finished Goods Inventory , 1/1
AddLess: Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 1/1Finished Goods Inventory , 12/31
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 12/31Finished Goods Inventory , 1/1	$
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 1/1Finished Goods Inventory , 12/31
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 12/31Finished Goods Inventory , 1/1
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 1/1Finished Goods Inventory , 12/31
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 12/31Finished Goods Inventory , 1/1
AddLess: Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 1/1Finished Goods Inventory , 12/31
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedManufacturing OverheadMaterials Available for UseRaw Materials Inventory, 1/1Raw Materials Inventory, 12/31Materials PurchasedTotal Cost of Work-in-Process InventoryTotal Manufacturing CostsWork-in-Process Inventory, 1/1Work-in-Process Inventory, 12/31Finished Goods Inventory , 12/31Finished Goods Inventory , 1/1	$