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Please solve the problem step-by-step. I put the answer below if it helps The following year-end information is taken from the December 31 adjusted trial

Please solve the problem step-by-step. I put the answer below if it helpsimage text in transcribedimage text in transcribed

The following year-end information is taken from the December 31 adjusted trial balance and other Problem 18-2A records of Leone Company. Classitying costs C2 Required Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. Using the data from Problem 18-2A and the following additional information for Leone Company, Problem 18-3A complete the requirements below. Schedule of cost of goods manufactured and income statement P1 P2 Required 1. Prepare the schedule of cost of goods manufactured for the current year. Check (1) Cost of goods 2. Prepare the current year income statement. manufactured, $1,935,650

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