Question
the zoe corporation has the following information for the month of March. Prepare a) schedule of cost of goods manufactured, (b) an income statement for
the zoe corporation has the following information for the month of March. Prepare a) schedule of cost of goods manufactured, (b) an income statement for the month ended March 31, and (c) prepare only the inventory section of the balance sheet.
Purchases $92,000 Material inventory March 1 $6,000 Material inventory,March 31 $8,000 Direct Labor $25,000 Factory overhead $37,000 Work in process, March 1 $22,000 Work in Process, March 31 $18,500 Finished goods inventory, March 1 $21,000 Finished goods inventory, March 31 $25,000 Sales $257,000 Sales and administrative expenses $79,000
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