Zoe Corporation has the following information for the month of March. Cost of materials used in production $17,506 Direct labor 29,778 Factory overhead 35,337 Work in process inventory, March 1 18,395 Work in process inventory, March 31 20,006 Finished goods inventory, March 1 20,086 Finished goods inventory, March 31 27,701 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. LA

Zoe Corporation has the following information for the month of March. Cost of materials used in production $17,506 Direct labor 29,778 Factory overhead 35,337 Work in process inventory, March 1 18,395 Work in process inventory, March 31 20,006 Finished goods inventory, March 1 20,086 Finished goods inventory, March 31 27,701 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. LA

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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