Required information

$[$The following informawon applies to the questions displayed below.$]$

The following year$-$end information is taken from the December $31$ adjusted trial balance and other records of Leon Company.

Advertising expense

Depreciation expense$-0$ffice equipment

Depreciation expense$-$Selling equipment

Depreciation expense$-$Factory equipment

Raw materials purchases $($all direct materials$)$

Maintenance expense$-$Factory equipment

Factory utilities

Direct labor

Indirect labor

office salaries expense

Rent expense$-$office space

Rent expense$-$Selling space

Rent expense$-$Factory building

Sales salaries expense

Prepare the current year income statement.

LEONE COMPANY

Schedule of Cost of Goods Manufacture.

For Year Ended December $31$

$\backslash$table$[[,,],[,,],[,,],[$Raw materials available for use,,$],[,,],[$Direct materials used,,$],[,,],[,,],[,,],[,,],[,,],[,,],[$Total factory overhead,,$],[$Total manufacturing costs,,$],[$Total cost of work in process,,$],[$Cost of goods manufactured,,$]]$

$\backslash$table$[[$LEONE COMPANY,$],[$For Year Ended December $31,],[,,],[,,],[$Rirect materials,,$],[,,],[$Direct materials used,,$],[,,],[$Factory overhead,,$],[,,],[,,],[,,],[,,],[$Total manufacturing costs,,$],[$Total cost of work in process,,$],[,,],[$Cost of goods manufactured,,$]]$

Pequired:

dentify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense.

Note: Leave no cell blank. Ent. $"$NA $-$ Not a product cost" or $"$NA $-$ Not a period cost" for expenses that are not product cost or period cost.

$\backslash$table$[[$Costs$,,],[1.$ Advertising expense,,$],[2.$ Depreciation expense$-$Office equipment,,$],[3.$ Depreciation expense$-$Selling equipment,,$],[4.$ Depreciation expense$-$Factory equipment,,$],[5.$ Raw materials purchases $($all direct materials$),,],[6.$ Maintenance expense$-$Factory equipment,,$],[7.$ Factory utilities,,$],[8.$ Direct labor,,$],[9.$ Indirect labor,,$],[10.$ Office salaries expense,,$],[11.$ Rent expense$-$Office space,,$],[12.$ Rent expense$-$Selling space,,$],[13.$ Rent expense$-$Factory building,,$],[14.$ Sales salaries expense,,$]]$