The Zoe Corporation has the following information for the month of March. Cost of direct materials used in production $17,603 Direct labor 23,519 Factory overhead 38,469 Work in process inventory, March 1 20,475 Work in process inventory, March 31 20,709 Finished goods inventory, March 1 21,383 Finished goods inventory, March 31 25,598 a. Determine the cost of goods manufactured. %24 b. Determine the cost of goods sold. $4

The Zoe Corporation has the following information for the month of March. Cost of direct materials used in production $17,603 Direct labor 23,519 Factory overhead 38,469 Work in process inventory, March 1 20,475 Work in process inventory, March 31 20,709 Finished goods inventory, March 1 21,383 Finished goods inventory, March 31 25,598 a. Determine the cost of goods manufactured. %24 b. Determine the cost of goods sold. $4

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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