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Posted: **Sat Feb 19, 2022 2:33 pm**

: December 31 2014 30 000 17 200 21 000 In The Financial E14 14 The Following Information Is Available For Aikman Compan 1 (35.26 KiB) Viewed 63 times

: December 31 2014 30 000 17 200 21 000 In The Financial E14 14 The Following Information Is Available For Aikman Compan 2 (35.26 KiB) Viewed 63 times

: December 31 2014 30 000 17 200 21 000 In The Financial E14 14 The Following Information Is Available For Aikman Compan 3 (35.26 KiB) Viewed 63 times

December 31, 2014 $30,000 17,200 21,000 in the financial E14-14 The following information is available for Aikman Company January 1, 2014 2014 Raw materials inventory $21,000 Work in process inventory 13,500 Finished goods inventory 27,000 Materials purchased $150,000 Direct labor 220,000 Manufacturing overhead 180,000 Sales revenue 910,000 Instructions (a) Compute cost of goods manufactured. (b) Prepare an income statement through gross profit. (c) Show the presentation of the ending inventories on the December 31, 2014, bal. ance sheet. (d) How would the income statement and balance sheet of a merchandising company be different from Aikman's financial statements? 0 III