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Required Information The following information applies to the questions displayed below} The following year and information is taken from the December 31 adjusted trial balance
Required Information The following information applies to the questions displayed below} The following year and information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense $ 28, 750 Depreciation expense Office equipment 7,250 Depreciation expense Selling equipment 3, 602 Depreciation expense Factory equipment 49,375 Raw materials purchases (all direct materials) 925, D02 Maintenance expense Factory equiprent 35,402 Factory utilities 33, 080 Direct labor 675, 480 Indirect labor 159, 475 office salaries expense 63, 002 Rent expense Office space 22, DO2 Rent expense-Selling space 26, 102 Rent expense-Factory building 76, 802 Sales salaries expense 392,560 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 166, 852 Raw materials inventory, ending 182,D02 work in process inventory, beginning 15, 702 Sales 4, 462,502 Work in process inventory, ending 19,382 Finished goods inventory, beginning 167,350 Finished goods inventory, ending 136, 492 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the current year. LEONE COMPANY Schedule of Gust of Goods Manufactured For Your Ended December 31 Direct materials Flaw materials available for usa Divot materials used Factory overhand Total factory overhand Total manufacturing costs Total cost of work in process Cost of goods manufactured Required 1 Required 2 >Required Information (The following information applies to the questions displayed briow} The following year end information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense $ 28, 750 Depreciation expense Office equipment 7, 250 Depreciation expense Selling equipment 8, 602 Depreciation expense Factory equipment 49,325 Raw materials purchases (all direct materials) 925, 080 Maintenance expense Factory equipment 35,402 Factory utilities 33,080 Direct labor 675, 480 Indirect labor 159, 475 office salaries expense 63, 004 Rent expense Office space 22, 080 Rent expense- Selling space 26, 102 Rent expense-Factory building 76, 802 Sales salaries expense 392,560 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $166, 852 Raw materials inventory, ending 182, DD2 Work in process inventory, beginning 15, 702 Sales 4, 462,502 Work in process inventory, ending 19,382 Finished goods inventory, beginning 167,350 Finished goods inventory, ending 136, 490 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the current year income statement. LEONE COMPANY nicoma Statement For Your Ended December 31 Cost of goods sold Goods available for sak Cost of goods sole Required 1 Required 2 >
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