Instructions:

1. Download the attached document and identify it with your name.

2. Complete the exercise, save and send it as an attachment in the Ch. 19 cont. Assignment.

I. Problem

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

Purchases	$90,000
Materials inventory, March 1	7,000
Materials inventory, March 31	9,000
Direct labor	23,000
Factory overhead	39,000
Work in process, March 1	20,000
Work in process, March 31	18,000
Finished goods inventory, March 1	20,000
Finished goods inventory, March 31	24,000
Sales	250,000
Sales and administrative expenses	80,000

2.Prepare the following statements with the information provided in the problem:

(a) schedule of cost of goods manufactured

(b) an income statement for the month ended March 31

(c) prepare only the inventory section of the balance sheet

Your answers will be accepted only in Word or Excel format as an attachment.