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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 | $ | 33,400 | Direct labor | $ | 672,000 | ||
Depreciation expenseOffice equipment | 7,700 | Income taxes expense | 241,800 | ||||
Depreciation expenseSelling equipment | 10,000 | Indirect labor | 58,000 | ||||
Depreciation expenseFactory equipment | 37,700 | Miscellaneous production costs | 9,700 | ||||
Factory supervision | 134,900 | Office salaries expense | 62,000 | ||||
Factory supplies used | 9,000 | Raw materials purchases | 972,000 | ||||
Factory utilities | 36,000 | Rent expenseOffice space | 21,000 | ||||
Inventories | Rent expenseSelling space | 29,200 | |||||
Raw materials, December 31, 2018 | 158,300 | Rent expenseFactory building | 76,600 | ||||
Raw materials, December 31, 2019 | 182,000 | Maintenance expenseFactory equipment | 37,300 | ||||
Work in process, December 31, 2018 | 16,200 | Sales | 4,446,700 | ||||
Work in process, December 31, 2019 | 24,200 | Sales salaries expense | 397,200 | ||||
Finished goods, December 31, 2018 | 165,300 | ||||||
Finished goods, December 31, 2019 | 136,900 | ||||||
Required: 1. Prepare the companys 2019 schedule of cost of goods manufactured.
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