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Complete the table Required information [The following information applies to the questions displayed below. The following year-end information is taken from the December 31 adjusted
Complete the table
Required information [The following information applies to the questions displayed below. The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $ 46,000 Depreciation expense-Office equipment 25,000 Depreciation expense-Selling equipment 26,000 Depreciation expense-Factory equipment 68,000 Raw materials purchases (all direct materials) 780,000 Maintenance expense-Factory equipment 41,400 Factory utilities 36,600 Direct labor 472,000 Indirect labor 71,000 Office salaries expense 43,000 Rent expense-office space 26,000 Rent expense-Selling space 62,000 Rent expense-Factory building 149,000 Sales salaries expense 358,000 Using the following additional information for Leone Company, complete the requirements below. $ 156,000 161,000 Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 47,000 2,624,000 51,000 66,000 74,000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare the schedule of cost of goods manufactured for the current year. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Required 1 Required 2 >Step by Step Solution
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