The Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $19,984 Direct labor 27,167 Factory overhead 34,395 Work in process inventory, March 1 17,464 Work in process inventory, March 31 20,395 Finished goods inventory, March 1 22,654 Finished goods inventory, March 31 26,164 a. Determine the cost of goods manufactured. $fill in the blank 1 b. Determine the cost of goods sold. $fill in the blank 2
The Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $19,984 Direct labor 27,167 Factory overhead 34,395 Work in process inventory, March 1 17,464 Work in process inventory, March 31 20,395 Finished goods inventory, March 1 22,654 Finished goods inventory, March 31 26,164 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 | $19,984 |
Direct labor | 27,167 |
Factory overhead | 34,395 |
Work in process inventory, March 1 | 17,464 |
Work in process inventory, March 31 | 20,395 |
Finished goods inventory, March 1 | 22,654 |
Finished goods inventory, March 31 | 26,164 |
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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