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The following information is available for Teal Mountain Company. January 1, 2022 2022 December 31, 2022 Raw materials inventory $24,800 $36,000 Work in process

The following information is available for Teal Mountain Company. January 1, 2022 2022 December 31, 2022 Raw materials inventory $24,800 $36,000 Work in process inventory 16,800 20,800 Finished goods inventory 32,600 25,200 Materials purchased $180,000 Direct labor Manufacturing overhead 264,000 216,000 Sales revenue 1,092,000

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