Question

Required information [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 $ 26,700 Direct labor $ 691,900 Depreciation expense—Office equipment 11,000 Income taxes expense 276,200 Depreciation expense—Selling equipment 10,700 Indirect labor 59,500 Depreciation expense—Factory equipment 34,900 Miscellaneous production costs 11,300 Factory supervision 122,100 Office salaries expense 64,000 Factory supplies used 9,500 Raw materials purchases 938,000 Factory utilities 43,000 Rent expense—Office space 28,000 Inventories Rent expense—Selling space 29,100 Raw materials, December 31, 2018 161,500 Rent expense—Factory building 83,000 Raw materials, December 31, 2019 188,000 Maintenance expense—Factory equipment 35,300 Work in process, December 31, 2018 15,100 Sales 4,545,300 Work in process, December 31, 2019 19,200 Sales salaries expense 399,200 Finished goods, December 31, 2018 160,400 Finished goods, December 31, 2019 136,100 Required: 1. Prepare the company’s 2019 schedule of cost of goods manufactured.

Answer 1