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! Required information (The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2017, adjusted
! Required information (The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2017, 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, 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 $ 29,500 Direct labor 12,000 Income taxes expense 9,800 Indirect labor 34,500 Miscellaneous production costs 141,400 Office salaries expense 7,900 Raw materials purchases 34,000 Rent expense-office space Rent expense-Selling space 164,800 Rent expense-Factory building 188,000 Maintenance expense-Factory equipment 18,300 Sales 22,100 Sales salaries expense 160,600 139,300 $ 683,800 237,900 56,700 11,100 66,000 957,000 22,000 26,400 83,000 38,600 4,486,100 397,800 Required: 1. Prepare the company's 2017 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 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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