The Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $17,831 Direct labor 26,518 Factory overhead 33,336 Work in process inventory, March 1 17,041 Work in process inventory, March 31 21,395 Finished goods inventory, March 1 23,144 Finished goods inventory, March 31 26,703 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
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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 $17,831
Direct labor 26,518
Factory overhead 33,336
Work in process inventory, March 1 17,041
Work in process inventory, March 31 21,395
Finished goods inventory, March 1 23,144
Finished goods inventory, March 31 26,703

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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Cost sheet is a method of allocating total cost into different categories such as direct material consumed, prime cost, cost of goods manufactured etc.

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