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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
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, March 1 22,000
Work in process, March 31 23,500
Finished goods inventory, March 1 21,000
Finished goods inventory, March 31 30,000
Sales 257,000
Sales and administrative expenses 79,000
Prepare (a) a schedule of cost of goods manufactured and (b) an income statement for the month.
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