Reference no: EM132517314

The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company.

Advertising expense  $26,500

Direct labor          $699,900

Depreciation expense-Office equipment 9,900

Income taxes expense 247,400

Depreciation expense-Selling equipment 10,900

Indirect labor 57,200

Depreciation expense-Factory equipment 37,300

Miscellaneous production costs 11,400

Factory supervision 123,700

Office salaries expense 69,000

Factory supplies used 9,500

Raw materials purchases 954,000

Factory utilities 31,000

Rent expense-Office space 23,000

Inventories Rent expense-Selling space 29,700

Raw materials, December 31, 2018 159,600

Rent expense-Factory building 80,300

Raw materials, December 31, 2019 184,000

Maintenance expense-Factory equipment 35,400

Work in process, December 31, 2018 19,700

Sales 4,506,500

Work in process, December 31, 2019 23,200

Sales salaries expense 397,000

Finished goods, December 31, 2018 168,100

Finished goods, December 31, 2019 142,400

Required:

Question 1. Prepare the company's 2019 schedule of cost of goods manufactured.

Question 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses.