Question: 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
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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. 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.) 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. 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. Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. 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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