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-Pactory 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 $ 27,600 Direct labor 7,500 Income taxes expense 9,600 Indirect labor 37,100 Miscellaneous production costs 140,600 office salaries expense 7,500 Raw materiale purchases 42.000 Rent expense office space Rent expense-Selling space 158,500 Rent expense-Factory building 184,000 Maintenance expense-Factory equipment 17,000 Sales 21,500 Sales salaries expense 166.600 137,300 $ 676,700 243,300 55,900 11,100 72.000 1,000,000 24,000 26,100 82,900 35,200 4,616,000 395,400 Required: 1. Prepare the company's 2017 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials Raw materials inventory, December 31, 2016 $ 158,500 Raw materials purchases 1.000.000 1 El Required information Puw Spurs 1,158,500 2,317,000 Raw materials available for use Direct materials used $ 2,317,000 Factory overhead Total factory overhead costs Total manufacturing costs 2,317,000 Total cost of work in process 2,317,000 Cost of goods manufactured $ 2.317.000