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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 Finished goods, December 31, 2019 $ 28,780 Direct labor 10,900 Income taxes expense 10,000 Indirect labor 39,400 Miscellaneous production costs 131,800 Office salaries expense 7,900 Raw materials purchases 41,000 Rent expense-Office space Rent expense-Selling space 164, 300 Rent expense-Factory building 181,00 Maintenance expense-Factory equipment 16,000 Sales 20,980 Sales salaries expense 160,300 144,000 688,500 267,500 58,100 11,380 75,000 945,000 23,000 29,700 77,000 35, 100 4,535,180 397,400 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2010 For Year Ended December 31, 2019 Direct materials $ Raw materials inventory, December 31, 2018 Raw materials purchases 164,300 945,000 0 1,109,300 181,000 $ 928,300 688,500 Raw materials available for use Less: Raw materials inventory, December 31, 2019 Direct materials used Direct labor Factory overhead Factory supplies used Indirect labor Depreciation expenseFactory equipment Rent expense-Factory building Factory supervision Factory utilities Indirect labor Miscellaneous production costs + 7,900 58,100 39,400 77,000 131,800 41,000 58,100 11,300 0 O > Total factory overhead costs Total manufacturing costs Add: Work in process inventory, December 31, 2018 Total cost of work in process Less: Work in process inventory, December 31, 2019 Cost of goods manufactured 424,600 2,041,400 16,000 2,057,400 (20,900) $ 2,036,500