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The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. Advertising expense $ 26,000
The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company.
Advertising expense | $ | 26,000 | Direct labor | $ | 673,300 | ||
Depreciation expenseOffice equipment | 9,300 | Income taxes expense | 289,900 | ||||
Depreciation expenseSelling equipment | 10,400 | Indirect labor | 57,800 | ||||
Depreciation expenseFactory equipment | 32,100 | Miscellaneous production costs | 11,000 | ||||
Factory supervision | 117,700 | Office salaries expense | 74,000 | ||||
Factory supplies used | 8,800 | Raw materials purchases | 976,000 | ||||
Factory utilities | 39,000 | Rent expenseOffice space | 28,000 | ||||
Inventories | Rent expenseSelling space | 27,800 | |||||
Raw materials, December 31, 2018 | 169,700 | Rent expenseFactory building | 80,400 | ||||
Raw materials, December 31, 2019 | 187,000 | Maintenance expenseFactory equipment | 35,300 | ||||
Work in process, December 31, 2018 | 16,300 | Sales | 4,596,000 | ||||
Work in process, December 31, 2019 | 23,800 | Sales salaries expense | 400,000 | ||||
Finished goods, December 31, 2018 | 165,300 | ||||||
Finished goods, December 31, 2019 | 135,800 | ||||||
Problem 18-3A Part 1
Required: 1. Prepare the companys 2019 schedule of cost of goods manufactured.
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