**Zoe Corporation - Manufacturing Cost Report for March**Zoe Corporation has provided the following financial data related to their manufacturing processes for the month of March:1. **Cost of Direct Materials Used in Production:** $17,5172. **Direct Labor Costs:** $24,4663. **Factory Overhead Costs:** $32,2344. **Work in Process Inventory:** - Beginning (March 1): $15,678 - Ending (March 31): $18,4395. **Finished Goods Inventory:** - Beginning (March 1): $24,791 - Ending (March 31): $22,979**Tasks:**a. **Determine the Cost of Goods Manufactured.**b. **Determine the Cost of Goods Sold.***Note: Complete the tasks by using the provided financial data. Calculate the cost of goods manufactured and the cost of goods sold based on changes in inventory and costs incurred during the month.*

Cost of goods manufactured refers to total cost incurred by a entity in a specific period in order…

Zoe Corporation has the following information for the month of March: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. $17,512 24,466 32,234 15,678 18,439 24,791 22,979

Zoe Corporation has the following information for the month of March: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. $17,512 24,466 32,234 15,678 18,439 24,791 22,979

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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