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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 $ 27,400 Direct labor $ 679,000 11,800 Income taxes expense 297,500 10,300 Depreciation expense-Factory equipment Factory supervision 33,000 146,900 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 169,900 Rent expense-Factory building 179,000 8,000 Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases 57,800 11,500 72,000 986,000 30,000 Rent expense-Office space 28,000 Rent expense-Selling space 28,300 80,800 Maintenance expense-Factory equipment 36,500 18,300 Sales 4,566,500 24,100 Sales salaries expense 395,900 162,400 135,400 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 Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured
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