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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, 2019, 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, 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 Pinished goods, December 31, 2018 Finished goods, December 31, 2019 Direct labor $ 29,500 8,100 Income taxes expense 10,300 34,400 145,300 Indirect labor Miscellaneous production costs Office salaries expense 8,100 Raw materials purchases 34,000 Rent expense-Office space 158,200 Rent expense-Selling space. Rent expense-Factory building Maintenance expense-Factory equipment 180,000 17,500 Sales 20,200 Sales salaries expense 168,000 136,600 $ 679,600 288,400 56,800 9,200 75,000 990,000 24,000 25,100 76,800 35,700 4,496,500 394,700 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 0 $ 0 Required information Direct matenals used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured 0 0 $ 0
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