The zoe corporation has the following information for the month of

 
   

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the zoe corporation has the following information for the month of March. Prepare a) schedule of cost of goods manufactured, (b) an income statement for the month ended March 31, and (c) prepare only the inventory section of the balance sheet.

Purchases                                   $92,000
Material inventory March 1              $6,000
Material 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                $18,500
Finished goods inventory, March 1      $21,000
Finished goods inventory, March 31     $25,000
Sales                                             $257,000
Sales and administrative expenses       $79,000