Question
please answer it in an hour I'll rate emergency thanks Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory,
please answer it in an hour I'll rate emergency thanks
Zoe Corporation has the following information for the month of March:
Purchases | $92,000 |
Materials inventory, March 1 | 6,000 |
Materials inventory, March 31 | 8,000 |
Direct labor | 25,000 |
Factory overhead | 37,000 |
Work in process inventory, March 1 | 22,000 |
Work in process inventory, March 31 | 23,500 |
Finished goods inventory, March 1 | 21,000 |
Finished goods inventory, March 31 | 30,000 |
Sales | 257,000 |
Selling and administrative expenses | 79,000 |
Required:
Prepare (a) a schedule 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. Enter all amounts as positive numbers. |
Labels and Amount Descriptions
Labels | |
Direct materials | |
For the 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 | |
Selling and administrative expenses | |
Total inventories | |
Total manufacturing costs | |
Total manufacturing costs incurred | |
Work in process |
Statement of Cost of Goods Manufactured
Prepare a schedule 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. Enter all amounts as positive numbers.
Zoe Corporation |
Statement of Cost of Goods Manufactured |
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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 |
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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 |
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