The following information is available for Elliot Company.

		January 1, 2022			2022		December 31, 2022
Raw materials inventory		$26,000					$30,000
Work in process inventory		18,500					22,200
Finished goods inventory		30,000					21,000
Materials purchased					$170,000
Direct labor					230,000
Manufacturing overhead					180,000
Sales					800,000

Compute cost of goods manufactured.

Cost of goods manufactured

$enter a cost of goods manufactured in dollar

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Assistance Used

Prepare an income statement through gross profit.

ELLOIT COMPANY Income Statement choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022
select an opening name for section one Finished Goods, 1/1Gross Profit / (Loss)SalesFinished Goods, 12/31Cost of Goods SoldCost of Goods ManufacturedCost of Goods Available for Sale					$enter a dollar amount
select an income statement item Finished Goods, 12/31Cost of Goods ManufacturedFinished Goods, 1/1SalesCost of Goods Available for SaleCost of Goods SoldGross Profit / (Loss)
select an income statement item Cost of Goods Available for SaleFinished Goods, 1/1SalesFinished Goods, 12/31Gross Profit / (Loss)Cost of Goods ManufacturedCost of Goods Sold			$enter a dollar amount
select an income statement item SalesCost of Goods ManufacturedCost of Goods Available for SaleFinished Goods, 12/31Finished Goods, 1/1Cost of Goods SoldGross Profit / (Loss)			enter a dollar amount
select an income statement item SalesCost of Goods ManufacturedFinished Goods, 1/1Cost of Goods Available for SaleCost of Goods SoldFinished Goods, 12/31Gross Profit / (Loss)			enter a subtotal of the previous two amounts
select between addition and deduction AddLess:	select an income statement item SalesCost of Goods ManufacturedFinished Goods, 12/31Cost of Goods Available for SaleCost of Goods SoldFinished Goods, 1/1Gross Profit / (Loss)		enter a dollar amount
select an income statement item SalesCost of Goods Available for SaleGross Profit / (Loss)Cost of Goods SoldFinished Goods, 1/1Finished Goods, 12/31Cost of Goods Manufactured					enter a subtotal of the previous two amounts
select a summarizing line for the first part Cost of Goods SoldCost of Goods ManufacturedCost of Goods Available for SaleFinished Goods, 1/1Gross Profit / (Loss)SalesFinished Goods, 12/31					$enter a total amount for the first part