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Part 2

4 Problem 18-3A Schedule of cost of goods manufactured and income statement; Inventory analysls LO P2, A1 The following information applies to the questions displayed below) Part 1 of 2 The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. 25 Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision 31, 600 Direct labor 670,100 8,600 Income taxes expense 10, 400 Indirect labor 31,200 Miscellaneous production costs 250,800 57, 103 11, 300 65, 00 986, 006 26, 000 26,300 78, 10 36, 900 112,700 Office salaries expense 8, 800 Raw materials purchases 35, 000 Rent expense-Office space Factory utilities Inventories Rent expense-Selling space Raw materials, December 31, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 Work in process, Finished goods, December 31, 2016 Finished goods, December 31, 2017 155, 100 Rent expense-Factory building 181,000 Maintenance expense-Factory equipment 4, 526, 100 18,900 Sales 22,100 Sales salaries expense er 31, 2017 394, 400 168, 700 136, 500 SAMSUNG er 31, 2017 Problem 18-3A Part 1 6.25 1. Prepare the company's 2017 schedule of cost of goods manufactured. ber 31, 2017 Print SAMSUNG 4 Required itn 0 Part 1 of 2 6.25 points Total factory ov costs Total manufacturing costs Total cost of work in process Prev4 5 of 8Next> 4 Part 1 of 2 6.25 points Total factory overhead costs Total manufacturing costs 0 0 Total cost of work in process 0 KPrey4 5 of 8 Next > pter 18 Required information P2, A1 The following information applies to the questions displayed below) The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records Schedule of cost of goods manufactured and Income statement; Inventory analysls LO or 2 of Leone Company Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories s 31, 600 Direct labor $ 670,10 8,600 Income taxes expense 10,400 Indirect labor 31,200 Miscellaneous production costs 250, 800 57,100 11, 300 65, 000 986,000 26, 000 26, 300 78,100 36, 900 4, 526, 100 394, 400 112, 700 Office salaries expense 8, 800 Raw materials purchases 35,000 Rent expense-Office space Rent expense-Selling space 155,100 Rent expense-Factory building 181,000 Maintenance expense-Factory equipment Raw materials, December 31, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 Work in process, December 31, 2017 Finished goods, December 31, 2016 Finished goods, December 31, 2017 18, 900 Sales 22,100 Sales salaries expense 168, 700 36, 500 PrevNext> SAMSUNG 5 Problem 18-3A Part2 Part 2 of 2 2. Prepare the company's 2017 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. 6.25 points For Year E 31, 2017 Cost of goods sold Cost of goods sold SAMSUNG 5 Part 2 of 2 6.25 points expenses Prev 5 of Next > SAMSUNG 5 Part 2 of 2 Total selling expenses 6.25 and Print SAMSUNG