Answered step by step
Verified Expert Solution
Question
1 Approved Answer
O 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
O 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 equipent 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 $ 32,100 Direct labor 8,900 Income taxes expense 10,100 Indirect labor 39,500 Miscellaneous production costs 147,200 Office salaries expense 8,800 Raw materials purchases 31,000 Rent expense-Office space Rent expense-selling space 152,200 Rent expense-Factory building 176,000 Maintenance expense-Factory equipment 18,400 Sales 21,600 Sales salaries expense 160,500 140, 500 $ 694,700 245,109 56,800 11,60e 72,000 980,000 22,000 28,300 78,700 35,600 4,576,200 397,600 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use 0 Direct materials used $ 0 Factory overhead Total factory overhead costs 0 HVVEJ Uuu Factory overhead 0 Total factory overhead costs Total manufacturing costs 0 Total cost of work in process Cost of goods manufactured $ 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started