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The following information applies to the questions displayed below) The following year-end Information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense $ 28,75e Depreciation expense-office equipment 7,250 Depreciation expense-Selling equipment 8,60e Depreciation expense-Factory equipment 49,325 Raw materials purchases (all direct materials) 925, eee Maintenance expense-Factory equipment 35,400 Factory utilities 33, eee Direct labor 675,480 Indirect labor 159,475 Office salaries expense 63,000 Rent expense-Office space 22 , Rent expense-Selling space 26,180 Rent expense-Factory building 76,800 Sales salaries expense 392,560 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 166,850 Raw materials inventory, ending 182,000 Work in process inventory, beginning 15,700 Sales 4,462,500 Work in process inventory, ending 19,38 Finished goods inventory, beginning 167,350 Finished goods inventory, ending 136,49 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year Income statement. Required information 2 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use 0 Direct materials used $ 0 Factory overhead rinn Check Required information Factory overhead Total factory overhead Total manufacturing costs 0 0 COS Total cost of work in process 0 Cost of noods manufactured 0 . 9 *49MUMULUI art 2 of 2 0 Total factory overhead Total manufacturing costs 0 5 nts Total cost of work in process 0 eBook Cost of goods manufactured $ 0 Print