Question: Using the data from Problem 18-2A and the inventory information for Leone Company below, complete Problem 18-3A the requirements below. Assume income tax expense is
Using the data from Problem 18-2A and the inventory information for Leone Company below, complete Problem 18-3A the requirements below. Assume income tax expense is S233,725 for the year. Schedule of cost of goods manufactured Inventories and income statement Raw materials, December 31, 2014 $166,850 inventory analysis Raw materials, December 31, 2015 182.000 P2 1 Work in process, December 31, 2014 Work in process, December 31, 2015 19.380 Finished goods, December 31, 2014 167,350 Finished goods, December 31, 2015 136,490 15.700 Using the data from Problem 18-2A and the inventory information for Leone Company below, complete Problem 18-3A the requirements below. Assume income tax expense is S233,725 for the year. Schedule of cost of goods manufactured Inventories and income statement Raw materials, December 31, 2014 $166,850 inventory analysis Raw materials, December 31, 2015 182.000 P2 1 Work in process, December 31, 2014 Work in process, December 31, 2015 19.380 Finished goods, December 31, 2014 167,350 Finished goods, December 31, 2015 136,490 15.700
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