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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 $ 34,600
The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company.
Advertising expense | $ | 34,600 | Direct labor | $ | 679,900 | ||
Depreciation expenseOffice equipment | 8,300 | Income taxes expense | 242,200 | ||||
Depreciation expenseSelling equipment | 10,900 | Indirect labor | 60,000 | ||||
Depreciation expenseFactory equipment | 30,800 | Miscellaneous production costs | 10,200 | ||||
Factory supervision | 100,300 | Office salaries expense | 72,000 | ||||
Factory supplies used | 9,000 | Raw materials purchases | 971,000 | ||||
Factory utilities | 31,000 | Rent expenseOffice space | 21,000 | ||||
Inventories | Rent expenseSelling space | 27,600 | |||||
Raw materials, December 31, 2018 | 150,600 | Rent expenseFactory building | 76,200 | ||||
Raw materials, December 31, 2019 | 190,000 | Maintenance expenseFactory equipment | 39,500 | ||||
Work in process, December 31, 2018 | 15,800 | Sales | 4,526,500 | ||||
Work in process, December 31, 2019 | 21,700 | Sales salaries expense | 391,500 | ||||
Finished goods, December 31, 2018 | 163,600 | ||||||
Finished goods, December 31, 2019 | 139,600 | ||||||
Problem 18-3A Part 1
Required: 1. Prepare the companys 2019 schedule of cost of goods manufactured.
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