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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 | $ | 30,600 | Direct labor | $ | 677,100 | ||
Depreciation expenseOffice equipment | 9,800 | Income taxes expense | 259,700 | ||||
Depreciation expenseSelling equipment | 9,900 | Indirect labor | 59,800 | ||||
Depreciation expenseFactory equipment | 36,500 | Miscellaneous production costs | 11,400 | ||||
Factory supervision | 105,700 | Office salaries expense | 63,000 | ||||
Factory supplies used | 9,100 | Raw materials purchases | 943,000 | ||||
Factory utilities | 44,000 | Rent expenseOffice space | 22,000 | ||||
Inventories | Rent expenseSelling space | 28,300 | |||||
Raw materials, December 31, 2016 | 151,100 | Rent expenseFactory building | 76,700 | ||||
Raw materials, December 31, 2017 | 188,000 | Maintenance expenseFactory equipment | 35,300 | ||||
Work in process, December 31, 2016 | 17,500 | Sales | 4,546,900 | ||||
Work in process, December 31, 2017 | 19,400 | Sales salaries expense | 394,400 | ||||
Finished goods, December 31, 2016 | 167,300 | ||||||
Finished goods, December 31, 2017 | 136,100 | ||||||
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