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Required: 1. Prepare the companys 2019 schedule of cost of goods manufactured. Required information [The following information applies to the questions displayed below.) The following
Required: 1. Prepare the companys 2019 schedule of cost of goods manufactured.
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 equipment 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 $ 29,900 Direct labor 8,300 Income taxes expense 10,100 Indirect labor 34,900 Miscellaneous production costs 104,100 Office salaries expense 9,300 Raw materials purchases 33,000 Rent expense-office space Rent expense-Selling space 153,300 Rent expense-Factory building 191,000 Maintenance expense-Factory equipment 15,800 Sales 22,400 Sales salaries expense 167,000 136,000 $ 685,700 298,900 58,600 9,500 69,000 943,000 29,000 27,000 78,700 36,700 4,586,900 398,700 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0Step by Step Solution
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