The Zoe Corporation has the following information for the month of March. (use whichever method you...

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The Zoe Corporation has the following information for the month of March. (use whichever method you prefer) (a) what was the cost of the raw materials used in production during the year? (prepare schedule for direct materials or can put it with your schedule of cost of goods manufactured) (b) what was the cost of goods manufactured (finished) for the year? (show work) (c) what was the cost of goods sold? (show work) (d) what was the net income for the year? (no actual income statement is needed) $92,000 Work in process, March 1 Work in process, March 6,000 31 Purchases Materials Inventory, March 1 Materials inventory, March 31 Direct labor Factory overhead 8,000 25,000 37,000 Finished goods inventory, March 1 Finished goods inventory, March 31 Sales Sales and administrative expenses 22,000 18,500 21,000 25,000 257,000 79,000 The Zoe Corporation has the following information for the month of March. (use whichever method you prefer) (a) what was the cost of the raw materials used in production during the year? (prepare schedule for direct materials or can put it with your schedule of cost of goods manufactured) (b) what was the cost of goods manufactured (finished) for the year? (show work) (c) what was the cost of goods sold? (show work) (d) what was the net income for the year? (no actual income statement is needed) $92,000 Work in process, March 1 Work in process, March 6,000 31 Purchases Materials Inventory, March 1 Materials inventory, March 31 Direct labor Factory overhead 8,000 25,000 37,000 Finished goods inventory, March 1 Finished goods inventory, March 31 Sales Sales and administrative expenses 22,000 18,500 21,000 25,000 257,000 79,000

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