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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 | $ | 30,000 | Direct labor | $ | 673,600 | ||
Depreciation expenseOffice equipment | 10,300 | Income taxes expense | 293,900 | ||||
Depreciation expenseSelling equipment | 10,300 | Indirect labor | 58,000 | ||||
Depreciation expenseFactory equipment | 31,700 | Miscellaneous production costs | 9,200 | ||||
Factory supervision | 126,300 | Office salaries expense | 75,000 | ||||
Factory supplies used | 9,300 | Raw materials purchases | 998,000 | ||||
Factory utilities | 40,000 | Rent expenseOffice space | 23,000 | ||||
Inventories | Rent expenseSelling space | 26,000 | |||||
Raw materials, December 31, 2018 | 164,300 | Rent expenseFactory building | 82,600 | ||||
Raw materials, December 31, 2019 | 181,000 | Maintenance expenseFactory equipment | 38,100 | ||||
Work in process, December 31, 2018 | 16,200 | Sales | 4,495,600 | ||||
Work in process, December 31, 2019 | 23,300 | Sales salaries expense | 391,600 | ||||
Finished goods, December 31, 2018 | 167,200 | ||||||
Finished goods, December 31, 2019 | 143,200 | ||||||
Required: 1. Prepare the companys 2019 schedule of cost of goods manufactured.
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