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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 trial
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 | $ | 27,100 | Direct labor | $ | 699,900 | ||
Depreciation expenseOffice equipment | 11,100 | Income taxes expense | 244,500 | ||||
Depreciation expenseSelling equipment | 9,900 | Indirect labor | 55,900 | ||||
Depreciation expenseFactory equipment | 39,300 | Miscellaneous production costs | 10,600 | ||||
Factory supervision | 104,600 | Office salaries expense | 66,000 | ||||
Factory supplies used | 9,900 | Raw materials purchases | 962,000 | ||||
Factory utilities | 33,000 | Rent expenseOffice space | 20,000 | ||||
Inventories | Rent expenseSelling space | 26,300 | |||||
Raw materials, December 31, 2016 | 165,500 | Rent expenseFactory building | 77,700 | ||||
Raw materials, December 31, 2017 | 185,000 | Maintenance expenseFactory equipment | 39,800 | ||||
Work in process, December 31, 2016 | 18,200 | Sales | 4,625,300 | ||||
Work in process, December 31, 2017 | 24,100 | Sales salaries expense | 393,700 | ||||
Finished goods, December 31, 2016 | 168,600 | ||||||
Finished goods, December 31, 2017 | 138,100 |
Required: 1. Prepare the companys 2017 schedule of cost of goods manufactured.
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