Question: Required information Use the following information for the Problems below. (Static) [The following information applies to the questions displayed befow] The following year-end information is
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Required information Use the following information for the Problems below. (Static) [The following information applies to the questions displayed befow] The following year-end information is taken from the December 31 adjusfed trial balance and other records of Leone Company. Problem 18-3A (Static) Schedule of cost of goods manufactured and income statement LO P1, P2 Using the following additional information for Leone Company, complete the requirements below. Required: 1. Prepare the schedule of cost of goods manufactured for the current year- 2. Prepare the current year income statement LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 \begin{tabular}{|l|} \hline Direct materials \\ \hline Raw materials available for use \\ \hline Direct materials used \\ \hline Factory overhead \\ \hline \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \\ \hline Total factory overhead \\ \hline Total manufacturing costs \\ \hline Total cost of work in process \\ \hline & \\ \hline Cost of goods manufactured \\ \hline \end{tabular} Required 2 Required information \begin{tabular}{l} LEONE COMPANY \\ Income Statement \\ For Year Ended December \\ \hline Cost of goods sold \\ \hline Goods available for sale \\ \hline Cost of goods sold \\ \hline \end{tabular} Required 1
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