Chapter 14 Homework c Deztomheducation.com/hm.tpx?-121662902650532567.1511670749

Question

Chapter 14 Homework c Deztomheducation.com/hm.tpx?-121662902650532567.1511670749824 connect hapter 14 Homework Questions 5-6 (of 6) The following information applies to the questions displayed below. The following calendar year-end information is taken from the December 31. 2015, adjusted trial balance and other records of Leone Company Advertising expense $29.200 Direct labor S 678,200 247800 56,200 0,000 7600 Income taxes expense Depreciation expense- Office equpmens $ 10.200 Indirect labor Depreciation expense-Factory equipment31600 Factory supervision Factory supplies used Miscellaneous production costs Office salaries expense Raw materials purchases Rent expense-Office space Rent expense-Selling space 140700 9.900 43,000 938,000 20,000 27,500 79,400 39,100 4,605,700 396,300 Factory utunies Inventories Raw materials, December 31, 2014 Raw materials, December 31, 2015 Work in process, December 31, 2014 Work in process, December 31 2015 Finished goods, December 31, 2014 Finished goods, December 31, 2015 161300 Rent expense-Factory building 181,000 Maintenance expense-Factory equipment 18,800 Sales 19,800 Sales salaries expense 161000 138,700 2.50 points e the company's 2015 schedule of cost of goods manufactured

Explanation / Answer

Company's 2015 Schedule of cost of goods manufactured Direct Raw Material Consumed Raw Materials ,Dec.31,2014 $161,300 Add : Raw material Purchases $938,000 Less : Raw Materials ,Dec.31,2015 $181,000 $918,300 Direct Labour $678,200 Factory Overheads Depreciation expense - Factory Equipment $31,600 Factory Supervision $140,700 Factory supplies used $9,900 Factory Utilities $43,000 Indirect Labour $56,200 Misecellaneous production costs $10,000 Rent Expense - Factory Building $79,400 Maintenance Expense - Factory Equipment $39,100 $409,900 Total Maufacturing Costs $2,006,400 Add : Work in process ,Dec.31,2014 $18,800 Less : Work in process ,Dec.31,2015 -$19,800 Cost of Goods Manufactured $2,005,400

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