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 $ 28,900 Direct labor 10,100 Income taxes expense 10, 200 Indirect labor 35,600 Miscellaneous production costs 112,000 Office salaries expense 8,900 Raw materials purchases 36,000 Rent expense-office space Rent expense-Selling space 151,400 Rent expense-Pactory building 176,000 Maintenance expense-Factory equipment 16,600 Sales 18,300 Sales salaries expense 165,600 135,600 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 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 151,400 151,400 O $ 151,40 Raw materials available for use Less: Raw materials inventory, December 31, 2018 Direct materials used Direct labor e Factory overhead Depreciation expense-Factory Factory supervision Factory supplies used Factory utilities Indirect labor Miscellaneous production costs Rent expense-Factory building Maintenance expense--Factory equipment OOT OLISI ol 3 Total factory overhead costs Total manufacturing costs 151,400 Required information / X 151,400 / / X / V Direct materials used Direct labor Factory overhead EBEESTER Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Indirect labor Miscellaneous production costs Rent expense-Factory building Maintenance expense-Factory equipment 151,400 Total factory overhead costs Total manufacturing costs Add: Work in process inventory, December 31, 2019 Total cost of work in process Loss: Work in process inventory, December 31, 2019 Cost of goods manufactured 151,400 $ 151,400 W.] cember 31, 2019, adjusted trial Direct labor Income taxes expense Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases Rent expense-office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 678,700 273,800 56,900 9,000 60,000 990,000 22,000 25,100 76,900 36,500 4,475, 300 394,300 Next >
