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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 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

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