Transcribed image text: Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $ 37,000 Depreciation expense-Office equipment 16,000 Depreciation expense-Selling equipment 17,000 Depreciation expense-Factory equipment 59,000 690,000 Raw materials purchases (all direct materials) Maintenance expense-Factory equipment 38,700 Factory utilities Direct labor 34,800 436,000 Indirect labor 65,000 Office salaries expense Rent expense-Office space 39,000 23,000 Rent expense-Selling space 55,000 132,000 Rent expense-Factory building Sales salaries expense 317,000 Problem 18-2A (Algo) Classifying costs LO C2 Required: Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. (Leave no cell blank. Enter "NA - Not a product cost" or "NA - Not a period cost" for expenses that are not product cost or period cost.) Costs Type of Product Cost Type of Period Cost 1. Advertising expense 2. Depreciation expense-Office equipment 3. Depreciation expense-Selling equipment 4. Depreciation expense-Factory equipment 5. Raw materials purchases (all direct materials) 6. Maintenance expense-Factory equipment 7. Factory utilities 8. Direct labor 9. Indirect labor 10. Office salaries expense 11. Rent expense-Office space 12. Rent expense-Selling space 13. Rent expense-Factory building 14. Sales salaries expense Problem 18-3A (Algo) Schedule of cost of goods manufactured and income statement LO P1, P2 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 138,000 Raw materials inventory, ending Work in process inventory, beginning Sales 143,000 41,000 2,331,000 45,000 Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 57,000 65,000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. Required information Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the current year. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use Direct materials used Factory overhead