Required information (The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2017, 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, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 Work in process, December 31, 2017 Finished goods, December 31, 2016 Finished goods, December 31, 2017 $ 32,700 Direct labor 7,600 Income taxes expense 11,000 Indirect labor 36,200 Miscellaneous production costs 117,700 Office salaries expense 9,000 Raw materials purchases 36,000 Rent expense-Office space Rent expense-Selling space 163,900 Rent expense-Factory building 192,000 Maintenance expense-Factory equipment 15,000 Sales 21,900 Sales salaries expense 162,100 139,300 $ 683,000 258,300 59,400 11,100 71,000 933,000 26,000 26,600 81,100 36,900 4,516,300 390, 100 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials Raw materials inventory, December 31, 2016 | $ 163,900 Raw materials purchases 933,000 1,096,900 Raw materials available for use Less: Raw materials inventory, December 31, 2017 Direct materials used $ 1,096,900 Factory overhead Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities 36,200 117,700 9,000 36,000 Indirect labor Miscellaneous production costs Rent expense-Factory building Maintenance expense-Factory equipment 59,400 11,100 81,100 36,900 387,400 1,484,300 Total factory overhead costs Total manufacturing costs Add: Work in process inventory, December 31, 2016 Total cost of work in process Less: Work in process inventory, December 31, 2017 Cost of goods manufactured 1,484,300 $ 1,484,300