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1 The Zoe Corporation has the following information for the month March. Determine the (a) cost of goods manufactured, and (b) cost of goods
1 The Zoe Corporation has the following information for the month March. Determine the (a) cost of goods manufactured, and (b) cost of goods sold. Cost of materials placed in production Direct labor Factory overhead Work in process, March 1 Work in process, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 $69,000 27,000 34,000 15,000 19,500 25,000 23,000 2 Sienna Company has the following information for January: Cost of materials placed in production $20,000 Direct labor 15,000 Factory overhead 24,000 Work in process inventory, January 1 2,900 Work in process inventory, January 31 3,500 Calculate the cost of goods manufactured. 3 Kennedy Company reports the following costs and expenses in May. Factory utilities $ 16,500 Direct labor $79,100 Depreciation on factory equipment Sales salaries 48,400 12,650 Depreciation on delivery trucks 3,800 Property taxes on factory building 2,500 Indirect factory labor 48,900 Repairs to office equipment 1,300 Indirect materials 70,800 Factory repairs 2,000 Direct materials used 157,600 Advertising 23,000 Factory manager's salary 8,000 Office supplies used 4,640 Instructions From the information, determine the total amount of: (a) (b) (c) Manufacturing overhead. Product costs. Period costs.
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