The Zoe Corporation has the following information for the month of March. Prepare a (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	$181,000
Materials inventory, March 1	25,000
Materials inventory, March 31	17,000
Direct labor	53,000
Factory overhead	42,000
Work in process, March 1	38,000
Work in process, March 31	26,500
Finished goods inventory, March 1	26,000
Finished goods inventory, March 31	37,000
Sales	750,000
Sales and administrative expenses	165,000

Statement of Cost of Goods Manufactured For Month Ended March 31, 20XX Direct Materials: Cost of materials for use Less Cost of materials placed in production Total manufaturing costs added Total manufaturing costs Less Cost of good manufactured Zoe Corporation Income Statement For Month Ended March 31, 20XX Sales Cost of goods sold: Cost of finished goods available for sales Less Gross Profit Operating Expenses Net Income CAUTION: The following cells are unprotected; only enter answers in the yellow highlig Inventory: Total inventory