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Question
Zoe Corporation has the following information for the month of March:
| Cost of materials used in production | $69,000 |
| Direct labor | 27,000 |
| Factory overhead | 34,000 |
| Work in process inventory, March 1 | 15,000 |
| Work in process inventory, March 31 | 19,500 |
| Finished goods inventory, March 1 | 25,000 |
| Finished goods inventory, March 31 | 23,000 |
Determine the (a) cost of goods manufactured and (b) cost of goods sold.
Answer
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