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Zoe Corporation has the following information for the month of March. Cost of direct materials used in production $19,891 Direct labor 29,508 Factory overhead
Zoe Corporation has the following information for the month of March. Cost of direct materials used in production $19,891 Direct labor 29,508 Factory overhead 35,315 Work in process inventory, March 1 23,981 Work in process inventory, March 31 19,921 Finished goods inventory, March 1 24,011 Finished goods inventory, March 31 27,874 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. UF Compute conversion costs given the following data: direct materials, $396,200; direct labor, $202,200; factory overhead, $218,800 and selling expenses, $46,100, Thomlin Company forecasts that total overhead for the current year will be $9,540,000 with 159,000 total machine hours. Year to date, the actual overhead is $5,456,000, and the actual machine hours are 88,000 hours. The predetermined overhead rate based on machine hours is Round the answer to the nearest dollar.
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