Zoe Corporation has the following information for the month of March: Cost of materials placed in production Direct labor Factory overhead $15,968 28,916 35,428 Work in process, March 1 Work in process, March 31 18,595 20,277 Finished goods inventory, March 1 23,492 Finished goods inventory, March 31 22,847 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. S

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A9

Zoe Corporation has the following information for the month of March:
Cost of materials placed in production
Direct labor
Factory overhead
$15,968
28,916
35,428
Work in process, March 1
Work in process, March 31
18,595
20,277
Finished goods inventory, March 1
23,492
Finished goods inventory, March 31
22,847
a. Determine the cost of goods manufactured.
b. Determine the cost of goods sold.
S
Transcribed Image Text:Zoe Corporation has the following information for the month of March: Cost of materials placed in production Direct labor Factory overhead $15,968 28,916 35,428 Work in process, March 1 Work in process, March 31 18,595 20,277 Finished goods inventory, March 1 23,492 Finished goods inventory, March 31 22,847 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. S
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