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[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
[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 | $ | 33,900 | Direct labor | $ | 671,800 | ||
Depreciation expenseOffice equipment | 8,700 | Income taxes expense | 239,900 | ||||
Depreciation expenseSelling equipment | 10,600 | Indirect labor | 59,700 | ||||
Depreciation expenseFactory equipment | 38,700 | Miscellaneous production costs | 9,600 | ||||
Factory supervision | 146,500 | Office salaries expense | 62,000 | ||||
Factory supplies used | 9,900 | Raw materials purchases | 971,000 | ||||
Factory utilities | 40,000 | Rent expenseOffice space | 29,000 | ||||
Inventories | Rent expenseSelling space | 29,100 | |||||
Raw materials, December 31, 2018 | 154,000 | Rent expenseFactory building | 78,400 | ||||
Raw materials, December 31, 2019 | 181,000 | Maintenance expenseFactory equipment | 38,600 | ||||
Work in process, December 31, 2018 | 15,300 | Sales | 4,446,400 | ||||
Work in process, December 31, 2019 | 18,700 | Sales salaries expense | 391,500 | ||||
Finished goods, December 31, 2018 | 163,600 | ||||||
Finished goods, December 31, 2019 | 139,400 | ||||||
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