Question
In: Accounting
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, and (c) the inventory section of the balance sheet.
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, 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,...
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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