Using the data from Problem 18-2A and the following additional information for Leone Company, complete the requirements
Question:
Using the data from Problem 18-2A and the following additional information for Leone Company, complete the requirements below.
Required
1. Prepare the schedule of cost of goods manufactured for the current year.
2. Prepare the current year income statement.
Transcribed Image Text:
$ 19,380 Raw materials inventory, beginning .... Raw materials inventory, ending... $ 166,850 Work in process inventory, ending.. ....- 182,000 Finished goods inventory, beginning. 167,350 Work in process inventory, beginning.. 15,700 Finished goods inventory, ending 136,490 Sales . 4,462,500
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