The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and...
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The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company Advertising expense $27,500 Direct labor $682,000 11,400 Income taxes expense Indirect labor Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision. 281,500 56,900 9,600 31,800 149,000 11,300 Miscellaneous production costs Office salaries expense 75.000 Raw materials purchases 941,000 Factory supplies used Factory utilities 8,000 11,000 Rent expense-Office space 27,000 Inventories Rent expense-Selling space 28,700 151,100 80.100 Rent expense-Factory building 176,000 Maintenance expense-Factory equipment 19,700 Salen 35,900 4,456,200 Raw materials, December 31, 2018 Raw materiala, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 Finished goods, December 31, 2019 18.400 Sales salaries expense 397,600 169,900 141, 600 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials 3 < Prev 11 12 Raw materials available for use Direct materials used Factory overhead of 13 Next Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company Advertising expense $27,500 Direct labor $682,000 11,400 Income taxes expense Indirect labor Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision. 281,500 56,900 9,600 31,800 149,000 11,300 Miscellaneous production costs Office salaries expense 75.000 Raw materials purchases 941,000 Factory supplies used Factory utilities 8,000 11,000 Rent expense-Office space 27,000 Inventories Rent expense-Selling space 28,700 151,100 80.100 Rent expense-Factory building 176,000 Maintenance expense-Factory equipment 19,700 Salen 35,900 4,456,200 Raw materials, December 31, 2018 Raw materiala, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 Finished goods, December 31, 2019 18.400 Sales salaries expense 397,600 169,900 141, 600 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials 3 < Prev 11 12 Raw materials available for use Direct materials used Factory overhead of 13 Next Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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