Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $17,792 Direct labor 28,982 Factory overhead 39,947 Work in process inventory, March. 1 17,999 Work in process inventory, March 31 18,186 Finished goods inventory, March 1 20,960 Finished goods inventory, March 31 24,711 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold.

Principles of Accounting Volume 2
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ISBN:9781947172609
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Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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Zoe Corporation has the following information for the month of March:
Cost of direct materials used in production
$17,792
Direct labor
28,982
Factory overhead
39,947
Work in process inventory, March. 1
17,999
Work in process inventory, March 31
18,186
Finished goods inventory, March 1
20,960
Finished goods inventory, March 31
24,711
a. Determine the cost of goods manufactured.
b. Determine the cost of goods sold.
Transcribed Image Text:Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $17,792 Direct labor 28,982 Factory overhead 39,947 Work in process inventory, March. 1 17,999 Work in process inventory, March 31 18,186 Finished goods inventory, March 1 20,960 Finished goods inventory, March 31 24,711 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold.
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