Zoe Corporation has the following information for the month of March: $92.000 6,000 8,000 Purchases Materials inventory, March 1 Materials inventory, March 31 Direct labor Factory overhead Work in process, March 1 Work in process, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 Sales Sales and administrative expenses 25,000 37.000 22.000 23.500 21.000 30,000 257.000 79.000 Required: Prepare (a) a statement 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 colone () on the financial statements 2 Zoe Labels Direct materials For 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 Inst Labels and Amount Descriptions Cost of goods manufactured Zoel 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 Sales and administrative expenses Total inventories Total manufacturing costs Total manufacturing costs incurred Work in process Ins Labels and Amount Descriptions Statement of Cost of Goods Manufactured Prepare a statement of cont of good manufactured. Refer to the Label and Amount Description provided for the exact wording of the answer choice for text entries. Be sure to complete the or Plus" will automatically appear it is required. You will not need to enter calona () on the statement of cost of goods manufactured Zoe Corporation Statement of Cost of Goods Manufactured (Label) 1 Label 1 11 Income Statement Prepare an income statement for the month ended March 31. Refer to the Label and Amount Description provided for the exact wording of the answer choices for text entries Be sure to com 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 (Label 1 6 bel Partal 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 he need to enter colonn () on the balance sheet Zoe Corporation Partial Balance Sheet (Label) Label 5
