Question
In: Accounting
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March...
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 |
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 colons (:) on the financial statements. |
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March...
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
Required:
Prepare (a) a statement of cost of goods manufactured, (b) an
income statement for the month ended March 31,...
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March...
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...
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March...
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
Required:
Prepare (a) a schedule of cost
of goods manufactured, (b) an income statement for the month ended...
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March...
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...
Zoe Corporation has the following information for the month of March: Purchases $ 92,000 Materials inventory,...
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
21,000
Work in process, March 31
23,500
Finished goods inventory, March 1
23,000
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, (b) an
income statement for the month ended March 31,...
Zoe Corporation has the following information for the month of March. Purchases $ 92,000 Materials inventory,...
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 21,000 Work in process, March 31
23,500 Finished goods inventory, March 1 23,000 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, (b) an
income statement for the month ended March 31,...
Alpha Corporation has the following information for the month of August: Purchases $ 92,000 Materials inventory,...
Alpha Corporation has the following information for the month of
August:
Purchases
$ 92,000
Materials inventory, August 1
6,000
Materials inventory, August 31
8,000
Direct labor
25,000
Factory overhead
37,000
Work in process, August 1
32,000
Work in process, August 31
23,500
Finished goods inventory, August 1
21,000
Finished goods inventory, August 31
30,000
Sales
252,000
Sales and administrative expenses
79,000
Prepare (a) a schedule of cost of goods manufactured, (b) an
income statement for the month ended August 31,
The Zoe Corporation has the following information for the month of March: Cost of direct materials...
The Zoe Corporation has the following information for the month
of March: Cost of direct materials used in production $18,147
Direct labor 26,753 Factory overhead 31,388 Work in process
inventory, March 1 21,476 Work in process inventory, March 31
19,244 Finished goods inventory, March 1 23,257 Finished goods
inventory, March 31 24,265 a. Determine the cost of goods
manufactured. $ b. Determine the cost of goods sold..
Purchases$92,000 Materials inventory, March 1 6,000 Materials inventory, March 31 . 8,000 . Direct labor 25,000...
Purchases$92,000
Materials inventory, March 1 6,000
Materials inventory, March 31 . 8,000 .
Direct labor 25,000
Factory overhead . 37,000
Work in process, March 1 . 22,000 .
Work in process, March 31 . 23,500 .
Finished goods inventory, March 1 . 21,000 .
Finished goods inventory, March 31 . 30,000
Sales . 257,000
Sales and administrative expenses . 79,000
Please enter an account name for every "$" that is underneath
the title. The possible name options are
Beginning work...
johnson Corporation has the following information for the month of March:Purchases $ 105,000Materials inventory, March 1...
johnson Corporation has the following information for the month
of March:Purchases $ 105,000Materials inventory, March 1
16,000Materials inventory, March 31 8,000Direct labor 35,000Factory
overhead 47,000Work in process, March I 28,000Work in process,
March 31 33,500Finished goods inventory, March 1 11,000Finished
goods inventory, March 31 30,000Sales 357,000Selling
expenses24,000Administrative expenses 29,000Prepare (a) a schedule
of cost of goods manufactured, (b) an income statement for the
month ended March 31,
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