Reference no: EM132530197

The Zoe Corporation has the following information for the month of March.

Question 1: Prepare schedule of cost of goods manufactured, an income statement for the month ended March 31, and prepare only the inventory section of the balance sheet.

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