Question
The Zoe Corporation has the following information for the month March: Cost of materials placed in production in March $80,000 Direct labor (incurred in March)
The Zoe Corporation has the following information for the month March:
| Cost of materials placed in production in March | $80,000 |
| Direct labor (incurred in March) | 27,000 |
| Factory overhead (incurred in March) | 34,000 |
| Work in process inventory, March 1 | 15,000 |
| Work in process inventory, March 31 | 19,500 |
| Finished goods inventory, March 1 | 25,000 |
| Finished goods inventory, March 31 | 23,000 |
What is Cost of goods manufactured?
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Contemporary Auditing
Authors: Michael C. Knapp
10th edition
978-1285066608, 128506660X, 978-1305445161, 1305445163, 978-1305970816
