The following calendar year-end information is taken from
the December 31, 2017, adjusted trial balance and other records of Leone
Company.
Advertising expense $
28,750 Direct labor $ 675,480
Depreciation expense—Office equipment 7,250
Income
taxes expense 233,725
Depreciation expense—Selling equipment 8,600
Indirect
labor 56,875
Depreciation expense—Factory equipment 33,550 Miscellaneous production costs 8,425
Factory supervision 102,600
Office
salaries expense 63,000
Factory supplies used 7,350
Raw
materials purchases 925,000
Factory utilities 33,000
Rent expense—Office space 22,000
Inventories Rent
expense—Selling space 26,100
Raw materials, December 31, 2016 166,850 Rent expense—Factory building 76,800
Raw materials, December 31, 2017 182,000 Maintenance expense—Factory
equipment 35,400
Work in process, December 31, 2016 15,700 Sales
4,462,500
Work in process, December 31, 2017 19,380 Sales
salaries expense 392,560
Finished goods, December 31, 2016 167,350
Finished goods, December 31, 2017 136,490 Contact Us Below To Get Tutoring
