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Business
Accounting
Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs $ 64,000 43,000 44,000 86,000 960,000 46,800 40,200 544,000 82,000 49,000 29,000 70,000 168,000 403,000 $ 192,000 197,000 58,000 3,134,000 62,000 81,000 89,000 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 0 $ 0 0 0

Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs $ 64,000 43,000 44,000 86,000 960,000 46,800 40,200 544,000 82,000 49,000 29,000 70,000 168,000 403,000 $ 192,000 197,000 58,000 3,134,000 62,000 81,000 89,000 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 0 $ 0 0 0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs $ 64,000 43,000 44,000 86,000 960,000 46,800 40,200 544,000 82,000 49,000 29,000 70,000 168,000 403,000 $ 192,000 197,000 58,000 3,134,000 62,000 81,000 89,000 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 0 $ 0 0 0
Transcribed Image Text:Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs $ 64,000 43,000 44,000 86,000 960,000 46,800 40,200 544,000 82,000 49,000 29,000 70,000 168,000 403,000 $ 192,000 197,000 58,000 3,134,000 62,000 81,000 89,000 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 0 $ 0 0 0
Cost of goods sold Goods available for sale Cost of goods sold LEONE COMPANY Income Statement For Year Ended December 31 0 $ 0 0 0
Transcribed Image Text:Cost of goods sold Goods available for sale Cost of goods sold LEONE COMPANY Income Statement For Year Ended December 31 0 $ 0 0 0
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