Cost of direct materials used in production $15,039 Direct labor 25,600 Factory overhead 30,572 Work in process inventory, March 1 18,340 Work in process inventory, March 31 20,102 Finished goods inventory, March 1 23,887 Finished goods inventory, March 31 23,750 a. Determine the cost of goods manufactured. $fill in the blank 1 b. Determine the cost of goods sold. $fill in the blank 2
Cost of direct materials used in production $15,039 Direct labor 25,600 Factory overhead 30,572 Work in process inventory, March 1 18,340 Work in process inventory, March 31 20,102 Finished goods inventory, March 1 23,887 Finished goods inventory, March 31 23,750 a. Determine the cost of goods manufactured. $fill in the blank 1 b. Determine the cost of goods sold. $fill in the blank 2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Zoe Corporation has the following information for the month of March:
Cost of direct materials used in production | $15,039 |
Direct labor | 25,600 |
Factory |
30,572 |
Work in process inventory, March 1 | 18,340 |
Work in process inventory, March 31 | 20,102 |
Finished goods inventory, March 1 | 23,887 |
Finished goods inventory, March 31 | 23,750 |
a. Determine the cost of goods manufactured.
$fill in the blank 1
b. Determine the cost of goods sold.
$fill in the blank 2
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