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Required information Problem 14-3A Schedule of cost of goods manufactured and income statement; inventory analysis LO P2, A1 (The following information applies to the questions
Required information Problem 14-3A Schedule of cost of goods manufactured and income statement; inventory analysis LO P2, A1 (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 $ 31, 100 Direct labor 10,900 Income taxes expense 9,900 Indirect labor 31,800 Miscellaneous production costs 111,600 Office salaries expense 9,300 Raw materials purchases 34,000 Rent expense-office space Rent expense-Selling space 168,600 Rent expense-Factory building 195,000 Maintenance expense-Factory equipment 15,700 Sales 18,600 Sales salaries expense 160,700 142,000 674,300 275,200 58,300 11,700 64,000 936,000 25,000 29,400 79,600 35,900 4,446,000 397,800 Problem 14-3A Part 1 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. 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 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
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