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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, 2017, 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, 2017, adjusted trial balance and other records of Leone Company.
Advertising expense | $ | 25,800 | Direct labor | $ | 688,400 | ||
Depreciation expenseOffice equipment | 9,300 | Income taxes expense | 273,600 | ||||
Depreciation expenseSelling equipment | 10,100 | Indirect labor | 59,600 | ||||
Depreciation expenseFactory equipment | 36,600 | Miscellaneous production costs | 11,800 | ||||
Factory supervision | 119,000 | Office salaries expense | 70,000 | ||||
Factory supplies used | 7,600 | Raw materials purchases | 929,000 | ||||
Factory utilities | 45,000 | Rent expenseOffice space | 20,000 | ||||
Inventories | Rent expenseSelling space | 28,200 | |||||
Raw materials, December 31, 2016 | 150,700 | Rent expenseFactory building | 79,200 | ||||
Raw materials, December 31, 2017 | 182,000 | Maintenance expenseFactory equipment | 38,500 | ||||
Work in process, December 31, 2016 | 19,000 | Sales | 4,596,000 | ||||
Work in process, December 31, 2017 | 19,800 | Sales salaries expense | 392,600 | ||||
Finished goods, December 31, 2016 | 161,400 | ||||||
Finished goods, December 31, 2017 | 140,500 | ||||||
Problem 14-3A Part 1
Required: 1. Prepare the companys 2017 schedule of cost of goods manufactured.
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