Question
The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. Advertising expense $ 27,800
The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company.
Advertising expense $ 27,800 Direct labor $ 699,500 Depreciation expenseOffice equipment 11,000 Income taxes expense 275,600 Depreciation expenseSelling equipment 10,100 Indirect labor 59,000 Depreciation expenseFactory equipment 33,700 Miscellaneous production costs 10,900 Factory supervision 123,500 Office salaries expense 70,000 Factory supplies used 7,600 Raw materials purchases 976,000 Factory utilities 40,000 Rent expenseOffice space 24,000 Inventories Rent expenseSelling space 25,300 Raw materials, December 31, 2016 165,300 Rent expenseFactory building 82,300 Raw materials, December 31, 2017 187,000 Maintenance expenseFactory equipment 38,200 Work in process, December 31, 2016 18,100 Sales 4,506,200 Work in process, December 31, 2017 20,300 Sales salaries expense 395,500 Finished goods, December 31, 2016 164,200 Finished goods, December 31, 2017 138,900
Required: 1. Prepare the companys 2017 schedule of cost of goods manufactured.
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