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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 $ 26,300 Direct labor 696,800 11,000 Income taxes expense 290,600 10,200 Indirect labor 59,200 39,400 Miscellaneous production costs 11,600 119,900 Office salaries expense 73,000 9,800 Raw materials purchases 982,000 41,000 Rent expense-Office space 27,000 Rent expense-Selling space 27,800 Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 165,300 Rent expense-Factory building 80,700 176,000 Maintenance expense-Factory equipment 35,800 16,900 Sales 4,596,700 Work in process, December 31, 2019 24,700 Sales salaries expense Finished goods, December 31, 2018 Finished goods, December 31, 2019 169,600 399,700 | 139,100 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Income Statement For Year Ended December 31, 2019 Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income 0 0 0 0 0 0 0 $ 0
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