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Required informationn [The following information applies to the questions displayed below. The following calendar year-end information is taken from the December 31, 2017, adjusted trial
Required informationn [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. $ 32,500 Direct labor Advertising expense Depreciation expense-0ffice equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories $ 697,300 282,800 59,900 9,108 62,000 928,000 22,000 25,500 77,900 36, 500 4,575,60e 398,900 8,000 Income taxes expense 10,500 Indirect labor 34,600 Miscellaneous production costs 104,500 Office salaries expense 8,200 Raw materials purchases 34,000 Rent expense-0ffice space Rent expense-Selling space 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 162,300 Rent expense-Factory building 192,000 Maintenance expense-Factory equipment 17,100 Sales 21,000 Sales salaries expense 163,900 135, 200 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 available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured
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