Question
Required information [The following information applies to the questions displayed below] The following year-end information is taken from the December 31 adjusted trial balance
Required information [The following information applies to the questions displayed below] The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $ 46,000 Depreciation expense-Office equipment 25,000 Depreciation expense-Selling equipment 26,000 Depreciation expense-Factory equipment 68,000 Raw materials purchases (all direct materials) 780,000 Maintenance expense-Factory equipment 41,400 Factory utilities 36,600 Direct labor 472,000 Indirect labor office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense 71,000 43,000 26,000 62,000 149,000 358,000 Using the following additional information for Leone Company complete the requirements below. Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $ 156,000 161,000 47,000 2,624,000 51,000 66,000 74,000
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