Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Materials inventory, March 31 8,000 Direct labor 25,000 Factory overhead 37,000 Work in process, March 1 22,000 Work in process, March 31 23,500 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 30,000 Sales 257,000 Sales and administrative expenses 79,000 a. Prepare a schedule of cost of goods manufactured. Zoe Corporation Statement of Cost of Goods Manufactured For Month Ended March 31 $fill in the blank 857f0a0ad075ffa_2 Direct Materials: $fill in the blank 857f0a0ad075ffa_4 fill in the blank 857f0a0ad075ffa_6 $fill in the blank 857f0a0ad075ffa_8 fill in the blank 857f0a0ad075ffa_10 Cost of direct materials used $fill in the blank 857f0a0ad075ffa_11 fill in the blank 857f0a0ad075ffa_13 fill in the blank 857f0a0ad075ffa_15 Total manufacturing costs incurred fill in the blank 857f0a0ad075ffa_16 Total manufacturing costs $fill in the blank 857f0a0ad075ffa_17 fill in the blank 857f0a0ad075ffa_19 Cost of goods manufactured $fill in the blank 857f0a0ad075ffa_20 b. Prepare an income statement for the month ended March 31. Zoe Corporation Income Statement For Month Ended March 31 $fill in the blank bbed6504405afc2_2 Cost of goods sold: $fill in the blank bbed6504405afc2_4 fill in the blank bbed6504405afc2_6 $fill in the blank bbed6504405afc2_8 fill in the blank bbed6504405afc2_10 Cost of goods sold fill in the blank bbed6504405afc2_11 Gross Profit $fill in the blank bbed6504405afc2_12 Operating expenses: fill in the blank bbed6504405afc2_14 $fill in the blank bbed6504405afc2_16 c. Prepare only the inventory section of the balance sheet. Zoe Corporation Balance Sheet For Month Ended March 31 Inventory: Materials $fill in the blank d5c11efa4fc2fe1_1 Work in process fill in the blank d5c11efa4fc2fe1_2 Finished goods fill in the blank d5c11efa4fc2fe1_3 Total inventory $fill in the blank d5c11efa4fc2fe1_4

Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Materials inventory, March 31 8,000 Direct labor 25,000 Factory overhead 37,000 Work in process, March 1 22,000 Work in process, March 31 23,500 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 30,000 Sales 257,000 Sales and administrative expenses 79,000 a. Prepare a schedule of cost of goods manufactured. Zoe Corporation Statement of Cost of Goods Manufactured For Month Ended March 31 $fill in the blank 857f0a0ad075ffa_2 Direct Materials: $fill in the blank 857f0a0ad075ffa_4 fill in the blank 857f0a0ad075ffa_6 $fill in the blank 857f0a0ad075ffa_8 fill in the blank 857f0a0ad075ffa_10 Cost of direct materials used $fill in the blank 857f0a0ad075ffa_11 fill in the blank 857f0a0ad075ffa_13 fill in the blank 857f0a0ad075ffa_15 Total manufacturing costs incurred fill in the blank 857f0a0ad075ffa_16 Total manufacturing costs $fill in the blank 857f0a0ad075ffa_17 fill in the blank 857f0a0ad075ffa_19 Cost of goods manufactured $fill in the blank 857f0a0ad075ffa_20 b. Prepare an income statement for the month ended March 31. Zoe Corporation Income Statement For Month Ended March 31 $fill in the blank bbed6504405afc2_2 Cost of goods sold: $fill in the blank bbed6504405afc2_4 fill in the blank bbed6504405afc2_6 $fill in the blank bbed6504405afc2_8 fill in the blank bbed6504405afc2_10 Cost of goods sold fill in the blank bbed6504405afc2_11 Gross Profit $fill in the blank bbed6504405afc2_12 Operating expenses: fill in the blank bbed6504405afc2_14 $fill in the blank bbed6504405afc2_16 c. Prepare only the inventory section of the balance sheet. Zoe Corporation Balance Sheet For Month Ended March 31 Inventory: Materials $fill in the blank d5c11efa4fc2fe1_1 Work in process fill in the blank d5c11efa4fc2fe1_2 Finished goods fill in the blank d5c11efa4fc2fe1_3 Total inventory $fill in the blank d5c11efa4fc2fe1_4

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter1: Introduction To Cost Accounting

Section: Chapter Questions

Problem 8P: OReilly Manufacturing Co.s cost of goods sold for the month ended July 31 was 345,000. The ending...

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Zoe Corporation has the following information for the month of March:

Purchases	$92,000
Materials inventory, March 1	6,000
Materials inventory, March 31	8,000
Direct labor	25,000
Factory overhead	37,000
Work in process, March 1	22,000
Work in process, March 31	23,500
Finished goods inventory, March 1	21,000
Finished goods inventory, March 31	30,000
Sales	257,000
Sales and administrative expenses	79,000

a. Prepare a schedule of cost of goods manufactured.

Zoe Corporation
Statement of Cost of Goods Manufactured
For Month Ended March 31
			$fill in the blank 857f0a0ad075ffa_2
Direct Materials:
	$fill in the blank 857f0a0ad075ffa_4
	fill in the blank 857f0a0ad075ffa_6
	$fill in the blank 857f0a0ad075ffa_8
	fill in the blank 857f0a0ad075ffa_10
Cost of direct materials used		$fill in the blank 857f0a0ad075ffa_11
		fill in the blank 857f0a0ad075ffa_13
		fill in the blank 857f0a0ad075ffa_15
Total manufacturing costs incurred			fill in the blank 857f0a0ad075ffa_16
Total manufacturing costs			$fill in the blank 857f0a0ad075ffa_17
			fill in the blank 857f0a0ad075ffa_19
Cost of goods manufactured			$fill in the blank 857f0a0ad075ffa_20

b. Prepare an income statement for the month ended March 31.

Zoe Corporation
Income Statement
For Month Ended March 31
		$fill in the blank bbed6504405afc2_2
Cost of goods sold:
	$fill in the blank bbed6504405afc2_4
	fill in the blank bbed6504405afc2_6
	$fill in the blank bbed6504405afc2_8
	fill in the blank bbed6504405afc2_10
Cost of goods sold		fill in the blank bbed6504405afc2_11
Gross Profit		$fill in the blank bbed6504405afc2_12
Operating expenses:
		fill in the blank bbed6504405afc2_14
		$fill in the blank bbed6504405afc2_16

c. Prepare only the inventory section of the balance sheet.

Zoe Corporation
Balance Sheet
For Month Ended March 31
Inventory:
Materials	$fill in the blank d5c11efa4fc2fe1_1
Work in process	fill in the blank d5c11efa4fc2fe1_2
Finished goods	fill in the blank d5c11efa4fc2fe1_3
Total inventory	$fill in the blank d5c11efa4fc2fe1_4

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