ts Direct raw materials used Total manufacturing costs Total work in process inventory Cost of goods manufactured Cost of goods available for sale Cost of goods sold Requirea a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Complete this question by entering your answers in the tabs below. Required A Required A Required B Gross margin Calculate the amount of gross margin on the income statement. < Required A Required H Required B₁ > D
ts Direct raw materials used Total manufacturing costs Total work in process inventory Cost of goods manufactured Cost of goods available for sale Cost of goods sold Requirea a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. Complete this question by entering your answers in the tabs below. Required A Required A Required B Gross margin Calculate the amount of gross margin on the income statement. < Required A Required H Required B₁ > D
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please do not give solution in image format thanku
![Exercise 11-13A (Algo) Cost of goods manufactured and sold LO 11-3
The following information pertains to Zachary Manufacturing Company for March Year 3. Assume actual overhead equaled applied
overhead
March 1
Inventory balances
Raw materials
Work in process
Finished goods
March 31
Inventory balances
Raw materials
Work in process
Finished goods
During March
Costs of raw materials purchased i
Costs of direct labor
Costs of manufacturing overhead
Sales revenues
Required
$123,300
119,100
77,500
$ 86,000
146,900
81,500
$118,500
101,900
61,200
352,000
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0abe4bca-4b47-4069-a528-285c0320eefb%2F50622af0-7707-42f5-bb58-54672bac65ab%2F7265jo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 11-13A (Algo) Cost of goods manufactured and sold LO 11-3
The following information pertains to Zachary Manufacturing Company for March Year 3. Assume actual overhead equaled applied
overhead
March 1
Inventory balances
Raw materials
Work in process
Finished goods
March 31
Inventory balances
Raw materials
Work in process
Finished goods
During March
Costs of raw materials purchased i
Costs of direct labor
Costs of manufacturing overhead
Sales revenues
Required
$123,300
119,100
77,500
$ 86,000
146,900
81,500
$118,500
101,900
61,200
352,000
4
![Prepare a schedule of cost of goods manufactured and sold.
ZACHARY MANUFACTURING COMPANY
Schedule of Cost of Goods Manufactured and Sold
For March Year 3
Raw materials available for use
Direct raw materials used
Total manufacturing costs
Total work in process inventory
Cost of goods manufactured
Cost of goods available for sale
Direct raw materials used
Total manufacturing costs
Total work in process inventory
Cost of goods manufactured
Cost of goods available for sale
Cost of goods sold
Requirea
a. Prepare a schedule of cost of goods manufactured and sold.
b. Calculate the amount of gross margin on the income statement.
< Required A
Complete this question by entering your answers in the tabs below.
Required A Required B
Calculate the amount of gross margin on the income statement.
Gross margin
< Required A
Required t
www
Required B₁ >
D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0abe4bca-4b47-4069-a528-285c0320eefb%2F50622af0-7707-42f5-bb58-54672bac65ab%2F310vyiv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Prepare a schedule of cost of goods manufactured and sold.
ZACHARY MANUFACTURING COMPANY
Schedule of Cost of Goods Manufactured and Sold
For March Year 3
Raw materials available for use
Direct raw materials used
Total manufacturing costs
Total work in process inventory
Cost of goods manufactured
Cost of goods available for sale
Direct raw materials used
Total manufacturing costs
Total work in process inventory
Cost of goods manufactured
Cost of goods available for sale
Cost of goods sold
Requirea
a. Prepare a schedule of cost of goods manufactured and sold.
b. Calculate the amount of gross margin on the income statement.
< Required A
Complete this question by entering your answers in the tabs below.
Required A Required B
Calculate the amount of gross margin on the income statement.
Gross margin
< Required A
Required t
www
Required B₁ >
D
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