Question: how would you fill out the chart? Required information Direct materials Raw materials purchases LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended

 how would you fill out the chart? Required information Direct materials
Raw materials purchases LEONE COMPANY Schedule of Cost of Goods Manufactured For
Year Ended December 31 Raw materials available for use Direct materials used
how would you fill out the chart?

Required information Direct materials Raw materials purchases LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 166,850 925,000 2,183,700 $ 2,183,700 0 2,183,700 2,183,700 $ 2,183,700 Cost of goods sold Goods available for sale Cost of goods sold LEONE COMPANY Income Statement For Year Ended December 31 The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense. Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor. office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending. $ 166,850 182,000 15,700 4,462,500 $ 28,750 7,250 8,600 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning. Raw materials inventory, ending. Work in process inventory, beginning. Sales 19,380 167,350 136,490 49,325 925,000 35,400 33,000 675,480 159,475 63,000 22,000 26,100 76,800 392,560 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement

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