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The following information is available for Aikman Company January 1, 2017 2017December 31,2017 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue $24,630 17,070 29,770 $32,120 18,650 22,440 $154,230 223,580 183,680 901,360
1. Compute cost of goods manufactured.
2. Prepare an income statement through gross profit.

Respuesta :

hyderali230

Answer:

1.

Cost of goods manufactured is $589,720  

2.

Aikman Company

Income Statement

for the year ended 31 December 2017

Sales Revenue    $901,360  

Cost goods Sold $597,050

Gross Profit         $304,310

Explanation:

Working are don in the pdf file attched with this answer please find it.

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