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I need all parts answered and the 3 and 4 photo is the same table just continued couldn't fit it in one photo. Required information
I need all parts answered and the 3 and 4 photo is the same table just continued couldn't fit it in one photo.
Required information Use the following information for the Problems below. (Algo) 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 Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor office salaries expense Rent expense-office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense $ 67,000 46,000 47,000 30,000 990,000 47,700 40,500 556,000 83,000 50,000 38,000 72,000 173,000 415,000 Problem 14-3A (Algo) Schedule of cost of goods manufactured and income statement LO P1, P2 Using the following additional information for Leone Company, complete the requirements below. Raw materials Inventory, beginning $ 190,000 Raw materials inventory, ending 203,000 Work in process inventory, beginning 59,000 Sales 3,227,000 Work in process inventory, ending 63,00 Finished goods Inventory, beginning 83,000 Finished goods Inventory, ending 91,000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement Required 1 Required 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 Prepare the current year income statement. LEONE COMPANY Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold Step by Step Solution
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