Problem 18-3A Schedule of cost of goods manufactured and income statement P1 P2 Using the data from Problem 18-2A and the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending $ 166,850 182,000 15,700 4,462,500 19,380 Finished goods inventory, beginning Finished goods inventory, ending 167,350 136,490 Required 1. Prepare the schedule of cost of goods manufactured for the current year. Check (1) Cost of goods manufactured, $1,935,650 2. Prepare the current year income statement. Problem 18-2A Classifying costs C2 The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $28,750 Depreciation expense-Office equipment 7,250 Depreciation expense-Selling equipment 8,600 Depreciation expense-Factory equipment 49,325 Raw materials purchases (all direct materials) 925,000 Maintenance expense-Factory equipment 35,400 Factory utilities 33,000 Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space 675,480 159,475 63,000 22,000 26,100 Rent expense-Factory building Sales salaries expense 76,800 392,560 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,