Instruction Labels and Amount Descriptions Statement of Cost of Goods Manufactured Income Statement Partial Balance Sheet Instruction Zoe Corporation has the following information for the month of March: Purchases $92,000 6,000 Materials inventory, March 1 Materials inventory, March 31 8,000 Direct labor 25,000 Factory overhead 37,000 Work in process, March 1 22.000 23,500 Work in process, March 31 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 30,000 Sales 257,000 Sales and administrative expenses 79,000 Required: Prepare (a) a statement of cost of goods manufactured, (b) an income statement for the month ended March 31, and (c) the inventory section of the balance sheet. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. "Less" or Plus" will automatically appear if it is required. You will not need to enter colons (:) on the financial statements. Labels and Amount Descriptions X Uslovi For Month Ended March 31 Inventories March 31 Operating expenses Amount Descriptions Beginning finished goods inventory Beginning materials inventory Beginning work in process inventory, March 1 Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Cost of materials used Direct labor Ending finished goods inventory Ending materials inventory Ending work in process inventory Factory overhead Finished goods Gross profit Materials Net income Net loss Purchases Sales Sales and administrative expenses Total inventories Total manufacturing costs Total manufacturing costs incurred Work in process Statement of Cost of Goods Manufactured Prepare a statement of cost of goods manufactured. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. 'Less" or "Plus" will automatically appear if it is required. You will not need to enter colons (:) on the statement of cost of goods manufactured. Zoe Corporation Statement of Cost of Goods Manufactured (Label) 1 2 (Label) 3 4 5 6 7 8 9 10 11 12 13 Income Statement Prepare an income statement for the month ended March 31. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. 'Less" or "Plus" will automatically appear if it is required. You will not need to enter colons (:) on the income statement. Zoe Corporation Income Statement (Label) 1 2 3 4 5 6 7 8 (Label) 9 10 Partial Balance Sheet Prepare the inventory section of the balance sheet. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. You will not need to enter colons (:) on the balance sheet. Zoe Corporation Partial Balance Sheet (Label) 1 (Label) 2 3 4 5
