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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 $ 32,400
The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company.
Advertising expense | $ | 32,400 | Direct labor | $ | 676,000 | ||
Depreciation expenseOffice equipment | 8,100 | Income taxes expense | 236,700 | ||||
Depreciation expenseSelling equipment | 10,700 | Indirect labor | 56,100 | ||||
Depreciation expenseFactory equipment | 38,500 | Miscellaneous production costs | 11,600 | ||||
Factory supervision | 100,500 | Office salaries expense | 71,000 | ||||
Factory supplies used | 9,200 | Raw materials purchases | 978,000 | ||||
Factory utilities | 38,000 | Rent expenseOffice space | 28,000 | ||||
Inventories | Rent expenseSelling space | 27,600 | |||||
Raw materials, December 31, 2018 | 163,300 | Rent expenseFactory building | 78,300 | ||||
Raw materials, December 31, 2019 | 187,000 | Maintenance expenseFactory equipment | 35,300 | ||||
Work in process, December 31, 2018 | 18,600 | Sales | 4,585,400 | ||||
Work in process, December 31, 2019 | 19,500 | Sales salaries expense | 399,700 | ||||
Finished goods, December 31, 2018 | 162,800 | ||||||
Finished goods, December 31, 2019 | 138,300 | ||||||
Required: 1. Prepare the companys 2019 schedule of cost of goods manufactured.
Required information (The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expense-selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 work in process, December 31, 2018 work in process, December 31, 2019 Finished goods, December 31, 2018 Finished goods, December 31, 2019 $ 32,400 8,100 10,700 38,500 100,500 9,200 38,000 Direct labor Income taxes expense Indirect labor Miscellaneous production costs office salaries expense Raw materials purchases Rent expense-office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense 163,300 187,000 18,600 19,500 162,800 138,300 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 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 manufacturedStep by Step Solution
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