The Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $16,055 Direct labor 25,364 Factory overhead 32,277 Work in process inventory, March 1 24,416 Work in process inventory, March 31 21,022 Finished goods inventory, March 1 24,780 Finished goods inventory, March 31 23,436 a. Determine the cost of goods manufactured. $4 b. Determine the cost of goods sold. $

The Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $16,055 Direct labor 25,364 Factory overhead 32,277 Work in process inventory, March 1 24,416 Work in process inventory, March 31 21,022 Finished goods inventory, March 1 24,780 Finished goods inventory, March 31 23,436 a. Determine the cost of goods manufactured. $4 b. Determine the cost of goods sold. $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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