Zoe Corporation has the following information for the month of March. Purchases $ 92,000 Materials...
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Accounting
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 21,000 Work in process, March 31 23,500 Finished goods inventory, March 1 23,000 Finished goods inventory, March 31 30,000 Sales 257,000 Sales and administrative expenses 79,000
Prepare (a) a schedule of cost of goods manufactured, (b) an income statement for the month ended March 31, and (c) the inventory section of the balance sheet.
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