Zoe Corporation has the following information for the month of March Purchases $92,000 Materials inventory, March 1 6,000 Materials inventory, March 31 8,000 Direct labor 25,000 Factory overhead 37,000 Work in process inventory, March 1 22,000 Work in process inventory, March 31 23,500 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 30,000 Sales 257,000 Selling and administrative expenses 79,000 a. Prepare a schedule of cost of goods manufactured. Enter all amounts as positive numbers Zoe Corporation Statement of Cost of Goods Manufactured For the Month Ended March 31 22,000 Beginning work in process inventory, March 1 Direct Materials: 18-4 Chapter Test 22,000 Work in process inventory, March 1 3,500 Work in process inventory, March 31 21,000 Finished goods inventory, March 1 30,000 Finished goods inventory, March 31 257,000 Sales 79,000 Selling and administrative expenses a. Prepare a schedule of cost of goods manufactured. Enter all amounts as positive numbers. Zoe Corporation Statement of Cost of Goods Manufactured For the Month Ended March 31 Beginning work in process inventory, March 1 22.000 Direct Materials: 6,000 92,000 -8,000 6,000 Cost of direct materials used 90,000 25,000 37,000 Total manufacturing costs incurred 152,000 Total manufacturing costs -23.500 $ 158,500 Cost of goods manufactured b. Prepare an income statement for the month ended March 31. Enter all amounts as positive numbers. Zoe Corporation Income Statement Previous 150500 Cost of goods manufactured b. Prepare an income statement for the month ended March 31. Enter all amounts as positive numbers Zoe Corporation ncome Statement For the Month Ended March 31 Cost of goods sold: Cost of goods sold Gross Profit Operating expenses: c. Prepare only the Inventory section of the balance sheet Zoe Corporation Inventory Section of the Balance Sheet Inventories: Finished goods Work in process Materials Total inventories Pre