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matrenka [14]
3 years ago
7

Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Mater

ials 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
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
Business
1 answer:
Rufina [12.5K]3 years ago
7 0

,Answer:

                                               Zoe Corporation

Statement of Cost of Good Manufactured For the Month Ended March 31

Work in Process Inventory                                                                     22,000

Direct Materials:

Materials inventory, March 1                               6,000  

Purchases                                                          92,000    

Less Materials inventory, March 31              <u>   ( 8,000)</u>

Cost of Materials used in Production                               90,000

Direct Labor                                                                        25,000

Factory Overhead                                                             <u>  37,000</u>

                                                                                                            <u>   152,000</u>

Total Manufacturing Cost                                                                      174,000

Less Work in Process Inventory, March 31                                       <u>   (23,500)      </u>

Cost of Goods Manufactured                                                              150,500

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