Check my work Required information [The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expense-selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 $ 28,750 Direct labor 7,250 Income taxes expense 8,600 Indirect labor 33,550 Miscellaneous production costs 102,600 office salaries expense 7,350 Raw materials purchases 33,000 Rent expense-office space Rent expense-selling space 166,850 Rent expense-Factory building 182,000 Maintenance expense-Factory equipment 15,700 Sales 19,380 Sales salaries expense 167,350 sired information following information applies to the questions displayed below.] following calendar year-end information is taken from the December 31, 2019, adjusted trial balance other records of Leone Company. vertising expense preciation expense-office equipment preciation expense-Selling equipment preciation expense-Factory equipment ctory supervision ctory supplies used ctory utilities ventories Raw materials, December 31, 2018 taw materials, December 31, 2019 dork in process, December 31, 2018 work in process, December 31, 2019 Finished goods, December 31, 2018 $ 28,750 Direct labor 7,250 Income taxes expense 8,600 Indirect labor 33,550 Miscellaneous production costs 102,600 office salaries expense 7,350 Raw materials purchases 33,000 Rent expense-office space Rent expense-selling space 166,850 Rent expense-Factory building 182,000 Maintenance expense-Factory equipment 15,700 Sales 19,380 Sales salaries expense 167,350 $ 675,480 233,725 56,875 8,425 63,000 925,000 22,000 26,100 76,800 35,400 4,462,500 392,560 . Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use Direct materials used 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Nazaro's Boot Company makes specialty boots for the rodeo circuit At the beginning of the year, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,200 heels at a cost of $8 each in raw materials inventory. During the year, the company purchased 35,000 additional heels at $8 each and manufactured 16.600 pairs of boots Required: 1. Determine the unit and dollar amounts of raw materials inventory in heels at year-end. Number of units Cost per unit Total cost Beginning inventory Purchases during the year Inventory available for production Less: Inventory transferred into production Ending inventory vertising expense preciation expense-office equipment preciation expense-selling equipment preciation expense-Factory equipment ctory supervision ctory supplies used ctory utilities ventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 Finished goods, December 31, 2019 $ 28,750 Direct labor $ 675,480 7,250 Income taxes expense 233,725 8,600 Indirect labor 56,875 33,550 Miscellaneous production costs 8,425 102,600 office salaries expense 63,000 7,350 Raw materials purchases 925,800 33,000 Rent expense office space 22,000 Rent expense-selling space 26,100 166,850 Rent expense Factory building 76,800 182,000 Maintenance expense-Factory equipment 35,400 15,700 Sales 4,462,500 19,380 Sales salaries expense 392,560 167, 350 136,490