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Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31,
Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials inventory, December 31, 2018 Raw materials purchases Raw materials available for use 0 Direct materials used S 0 Factory overhead 0 Total factory overhead costs Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured S 0 (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. $ 696,500 236,000 58,900 9,400 61.000 956,000 Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory sup 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 $ 30,200 Direct labor 11,800 Income taxes expense 9,800 Indirect labor 30.800 Miscellaneous production costs 144,300 Office salaries expense 8,000 Raw materials purchases Rent expense-Office space Rent expense-Selling space 163,200 Rent expense-Factory building 182,000 Maintenance expense-Factory equipment 17.300 Sales 18.900 Sales salaries expense 165,500 143,600 36,000 Rent 26 000 26,000 27100 27,100 77,400 36,400 4,546,800 399,800
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