Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 $16,971 25,726 36,875 18,297 18,757 21,733 25,034

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Zoe Corporation has the following information for the month of March:
Cost of direct materials used in production
Direct labor
Factory overhead
Work in process inventory, March 1
Work in process inventory, March 31
Finished goods inventory, March 1
Finished goods inventory, March 31
a. Determine the cost of goods manufactured.
$
b. Determine the cost of goods sold.
$16,971
25,726
36,875
18,297
18,757
21,733
25,034
Transcribed Image Text:< Zoe Corporation has the following information for the month of March: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 a. Determine the cost of goods manufactured. $ b. Determine the cost of goods sold. $16,971 25,726 36,875 18,297 18,757 21,733 25,034
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