Question
Zoe Corporation has the following information for the month of March: Purchases. $92,000 Materials. 6,000 inventory March 1 Materials. 8,000 inventory, March 31 direct labor.
Zoe Corporation has the following information for the month of March:
Purchases. $92,000 Materials. 6,000 inventory
March 1 Materials. 8,000 inventory,
March 31
direct labor. $25,000
factory. 37,000 overhead work in. 22,000 process inventory March 1 work in. 23,500 process inventory March 31
finished goods inventory 21,000 finished goods inventory 30,000 sales. 257,000 selling and administrative expenses 79,000
Required: prepare 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 description provided for the exact wording of the answer choices for text entry be sure to complete the statement had any less or plus will automatically appear if it is required you will not need to enter colons on the financial statements in all amounts as positive numbers
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