The following information is available for Flounder Company.

January 1, 2017 2017 December 31, 2017

Raw materials inventory $21,370 $34,900

Work in process inventory 14,490 18,990

Finished goods inventory 28,650 21,350

Materials purchased $153,970

Direct labor 224,060

Manufacturing overhead 184,690

Sales revenue 905,910

Compute cost of goods manufactured.

Flounder Company

Cost of Goods Manufactured Schedule

need an income statement through gross profit.

FLOUNDER COMPANY

Income Statement (Partial)

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

FLOUNDER COMPANY

(Partial) Balance Sheet