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Required: 1. Prepare the companys 2017 schedule of cost of goods manufactured. Required information For Year Ended December 31, 2017 Cost of goods sold Finished
Required: 1. Prepare the companys 2017 schedule of cost of goods manufactured.
Required information For Year Ended December 31, 2017 Cost of goods sold Finished goods inventory, December 31, 2016 Cost of goods manufactured $ 165,800 303,840 X Goods available for sale 469,640 Cost of goods sold 469,640 (469,640) Operating expenses Selling expenses Return to question 3 Required information (The following information applies to the questions displayed below.) Part 2 of 2 2 The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. 8 points 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, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 Work in process, December 31, 2017 Finished goods, December 31, 2016 Finished goods, December 31, 2017 $ 25,800 9,300 10,900 37,600 103, 200 8,100 42,000 Direct labor Income taxes expense Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 675,900 275,600 56,200 11,400 70,000 994,000 21,000 29, 300 78,000 39,100 4,555,500 393,500 154,500 192,000 19,900 23,400 165,800 144,000Step by Step Solution
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