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The following information is available for Aikman Company.
January 1, 2017
2017
December 31, 2017
Raw materials inventory
$21,000
$30,000
Work in process inventory
13,500
17,200
Finished goods inventory
27,000
21,000
Materials purchased
$150,000
Direct labor
220,000
Manufacturing overhead
180,000
Sales revenue
910,000
Prepare an income statement through gross profit.
AIKMAN COMPANY
Income Statement (Partial)
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