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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 $ 28,500 Direct labor $ 682,200 Depreciation expense-Office equipment 8,200 Income taxes expense 271,000 Depreciation expense-Selling equipment 10,900 Indirect labor 58,000 Depreciation expense-Factory equipment 38,600 Miscellaneous production costs 11,500 Factory supervision 137,700 Office salaries expense 73,000 Factory supplies used 8,800 Raw materials purchases 988,000 Factory utilities 44,000 Rent expense-Office space 27,000 Inventories Rent expense-Selling space 25,900 Raw materials, December 31, 2018 160,800 Rent expense-Factory building 76,100 Raw materials, December 31, Maintenance expense-Factory 2019 188,000 equipment 38,800 Work in process, December 31, 2018 18,000 Sales 4,486,900 Work in process, December 31, 2019 23,400 Sales salaries expense 397,200 Finished goods, December 31, 2018 168,000 Finished goods, December 31, 135,900 2019 Problem 14-3A Part 1 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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