Question
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 $ 26,700 Direct labor $ 691,900 Depreciation expenseOffice equipment 11,000 Income taxes expense 276,200 Depreciation expenseSelling equipment 10,700 Indirect labor 59,500 Depreciation expenseFactory equipment 34,900 Miscellaneous production costs 11,300 Factory supervision 122,100 Office salaries expense 64,000 Factory supplies used 9,500 Raw materials purchases 938,000 Factory utilities 43,000 Rent expenseOffice space 28,000 Inventories Rent expenseSelling space 29,100 Raw materials, December 31, 2018 161,500 Rent expenseFactory building 83,000 Raw materials, December 31, 2019 188,000 Maintenance expenseFactory equipment 35,300 Work in process, December 31, 2018 15,100 Sales 4,545,300 Work in process, December 31, 2019 19,200 Sales salaries expense 399,200 Finished goods, December 31, 2018 160,400 Finished goods, December 31, 2019 136,100 Required: 1. Prepare the companys 2019 schedule of cost of goods manufactured.
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