I need the answer as soon as possible The Zoe Corporation has the following information for the month of March. (use whichever method you prefer)(a) what was the cost of the raw materials used in production during the year? (prepare schedule fordirect materials or can put it with your schedule of cost of goods manuf actured)(b) what was the cost of goods m anufactured (finished) for the year? (show work)(c) what was the cost of goods sold? (show work)(d) what was the net income for the year? (no actual income statement is needed)Work in process, March 1Work in process, March22,000$92,0006,000PurchasesMateri als18,500inventory, March 131Finished goodsinventory, March 1Materi als8,00021,000inventory, March3125,000Finished goodsinventory, March 31SalesSales and administrativeDirect labor25,000257,00079,000Factory overhead37,000expenses

Gross profit means the difference between the sale revenue and cost of production. Cost of goods…

The Zoe Corporation has the following information for the month of March. (use whichever method you prefer) (a) what was the cost of the raw materials used in production during the year? (prepare schedule for direct materials or can put it with your schedule of cost of goods manuf actured) (b) what was the cost of goods m anufactured (finished) for the year? (show work) (c) what was the cost of goods sold? (show work)

The Zoe Corporation has the following information for the month of March. (use whichever method you prefer) (a) what was the cost of the raw materials used in production during the year? (prepare schedule for direct materials or can put it with your schedule of cost of goods manuf actured) (b) what was the cost of goods m anufactured (finished) for the year? (show work) (c) what was the cost of goods sold? (show work)

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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