The following information is available for Aikman Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue January 1, 2020 $25,650 17,550 29,610 2020 $155,350 223,240 183,210 901,910 December 31, 2020 $35,280 17,690 23,400
The following information is available for Aikman Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue January 1, 2020 $25,650 17,550 29,610 2020 $155,350 223,240 183,210 901,910 December 31, 2020 $35,280 17,690 23,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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D2.
Account
Transcribed Image Text:The following information is available for Aikman Company.
Raw materials inventory
Work in process inventory
Finished goods inventory
Materials purchased
Direct labor
Manufacturing overhead
Sales revenue
January 1, 2020
$25,650
17,550
29,610
2020
$155,350
223,240
183,210
901,910
December 31, 2020
$35,280
17,690
23,400
Transcribed Image Text:Prepare an income statement through gross profit.
AIKMAN COMPANY
Income Statement (Partial)
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