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12 Part 2 of 2 Required information The following Information applies to the questions displayed below) The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company 3 points 2 Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-actory equipment Factory utilities Direct labor Tridirect labor office salaries expense lient expense-office space Rent expenselling space Hent expense-Pactory building Sales salaries expense $ 40,000 19,000 20,000 62,000 720,000 39,600 35.400 448,000 67,000 40,000 24.000 58,000 139,000 334,000 Book Print Bences Using the following additional information for Leone Company, complete the requirements below. 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 $ 144,000 149,000 43,000 2,435,000 47,000 60,000 68,000 12 Required information Direct materials Part 2 of 2 Raw materials available for use 3 points Direct materials used 12:10 Factory overhead Print References Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Check my werk 12 Required information Part 2 of 2 Prepare the current year income statement 3 points LEONE COMPANY Income Statement For Year Ended December 31 8 012051 Cost of goods sold Book Print Goods available for sale References Cost of goods sold

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