Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $15,816 Direct labor 26,415 Factory overhead 34,795 Work in process inventory, March 1 15,512 Work in process inventory, March 31 19,342 Finished goods inventory, March 1 24,186 Finished goods inventory, March 31 27,298 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold.

Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $15,816 Direct labor 26,415 Factory overhead 34,795 Work in process inventory, March 1 15,512 Work in process inventory, March 31 19,342 Finished goods inventory, March 1 24,186 Finished goods inventory, March 31 27,298 a. Determine the cost of goods manufactured. 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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