[The following information applies to the questions displayed below.] The following calendar year-end information is taken from the December 31, 2015, adjusted trial balance and other records of Leone Company. $ 30,000 11,000 9,800 38,700 101,100 8,000 36,000 Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expenseFactory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2014 Raw materials, December 31, 2015 Work in process, December 31, 2014 Work in process, December 31, 2015 Finished goods, December 31, 2014 Finished goods, December 31, 2015 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 $ 684,600 273,900 56,700 10,100 64,000 927,000 28,000 27,800 80,700 39,300 4,586,100 400,000 161,500 181,000 18,300 20,500 164,000 140,600 Required: 1. Prepare the company's 2015 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2015 Direct materials Raw materials inventory, December 31, 2014 $ 161,500 Raw materials purchases 927,000 Advertising expense Raw materials available for use 1,088,500 Direct materials used $ 1,088,500 684,600 8,000 36,000 56,700 Direct labor Factory overhead Factory supplies used Factory utilities Indirect labor Factory supervision Depreciation expense-Factory equipment Rent expenseFactory building Miscellaneous production costs Maintenance expense-Factory equipment 101,100 38,700 80,700 10,100 39,300 Total factory overhead costs Total manufacturing costs Add: Work in process inventory, December 31, 2014 Total cost of work in process Less: Work in process inventory, December 31, 2015 Cost of goods manufactured 370,600 2,143,700 18,300 2,162,000 20,500 $ 2,141,500 LEONE COMPANY Income Statement For Year Ended December 31, 2015 Sales Cost of goods sold Cost of goods manufactured Goods available for sale 0 0 0 Cost of goods sold Gross profit from sales Operating expenses Selling expenses Advertising expense Sales salaries expense Depreciation expense-Selling equipment 0 Total selling expenses General and administrative expenses Office salaries expense Depreciation expense-Office equipment 0 Total general and administrative expenses Total operating expenses 0 Income before taxes 0 Income taxes expense Net income $ 0